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Results for “Forward auction”
Forward Auction
A forward auction is a seller-led auction model where buyers compete upward for assets, inventory, services or opportunities, usually with rules for opening bids, increments, reserves, extensions and winner confirmation.
Open destinationAscending auction
A forward auction in which buyers submit progressively higher bids until bidding closes and the applicable winner rules are evaluated.
Open destinationAbsentee proxy pre-bidding
The submission of confidential maximum bid authorizations prior to the live auction, executed incrementally by the bidding engine on the buyer's behalf.
Open destinationAbsolute auction
An unreserved auction sale where the property or asset is guaranteed to sell to the highest eligible bidder regardless of the final hammer price reached.
Open destinationDutch Auction
A Dutch auction is a descending-price auction where the price starts high and moves downward until a participant accepts the current price or the configured closing rule is reached.
Open destinationEnglish Auction
An English auction is an ascending-price auction where bidders place progressively higher bids until bidding closes and the highest valid bidder wins, subject to reserve, approval and event rules.
Open destinationFair market value
An estimate of the price an asset may achieve between informed and willing parties, often used as a reference rather than an auction guarantee.
Open destinationHammer price
The final accepted bid price when a lot closes, before applicable buyer premiums, taxes, shipping, or other charges.
Open destinationNo-sale
An auction outcome where a lot does not transact because the reserve, approval, eligibility, payment, or another closing condition was not satisfied.
Open destinationReserve disclosure flag
A visual UI indicator informing bidders whether the confidential reserve price has been achieved without revealing the numerical dollar target.
Open destinationReserve Price
A reserve price is the minimum acceptable price set by the seller or auction owner. If bidding does not meet the reserve, the lot may remain unsold or require approval before acceptance.
Open destinationSealed Bid Auction
A sealed bid auction is an auction format where participants submit confidential bids that are not visible to other bidders before the configured opening, evaluation or award stage.
Open destinationShadow bidding
A proxy bidding mechanism where maximum authorized amounts remain fully encrypted and unexposed to other participants until active competition challenges the lead.
Open destinationTimed auction
An auction that accepts bids during a published online window and closes according to fixed or extended timing rules.
Open destinationUnder-bidder
The participant who placed the second-highest valid bid during an auction, representing the primary competitive benchmark and backup buyer upon winner default.
Open destinationUniform-price auction
A multi-unit auction model where all winning participants pay the same market-clearing price, typically equal to the lowest successful bid accepted.
Open destinationUplift
The improvement in realized sale value compared with a reserve, guide, baseline, previous offer, or another agreed reference point.
Open destinationWebcast auction
A live auction broadcast online with synchronized audio, video, auctioneer activity, lot status, and remote bidding.
Open destinationYankee auction
A multi-unit ascending-bid auction format where bidders specify both their desired quantity and per-unit price, and successful bidders pay their exact submitted bids.
Open destination