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The act of orally offering for sale items at an open outcry auction and taking bids on the items until they are sold or withdrawn.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 "cry" is characteristically conducted in a rapid cadence in order to encourage bidding. The person who cries the auction may be the auctioneer, or he may be a professional auction crier employed by the auctioneer.
Also known as "calling the auction".
Terms, Definitions, and Concepts: Auction, Real Estate