Calling the auction
Definition: The act of orally offering for sale items at an open outcry auction and taking bids on the items until they are sold or withdrawn. The auction "call" is characteristically conducted in a rapid cadence in order to encourage bidding. The person who calls the auction may be the auctioneer, or she may be a professional auction caller employed by the auctioneer.
Also known as "crying the auction".
Terms, Definitions, and Concepts: Auction, Real Estate
Added: Tue Sep 23 2008
Last Modified: Tue Sep 30 2008