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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 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 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 destinationTimed auction
An auction that accepts bids during a published online window and closes according to fixed or extended timing rules.
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 destination