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Also an interesting news story. by Blackbyrd22006-11-19 12:55:59
  Absolute auction by mikosullivan 2002-06-05 07:44:04
The auctioneer says he has a contract for what's called an absolute auction, which means everything in the building is sold.

No. An "absolute auction" is an auction in which none of the lots have a minimum price. An item can be sold for 1 cent if that's all that's bid. I suspect that the auctioneer didn't really define an "absolute auction" that way to the reporter.

-Miko

[ Reply ]
    Does this mean they're auctioning off by pecosdave2002-06-05 07:57:32

 

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