Private Auction
/ˈpraɪvɪt ˈɔːkʃən/
Definitions
- (n.) An auction conducted in private, typically involving a limited group of invited bidders rather than the public, often to sell assets discreetly.
The company chose a private auction to sell its real estate holdings confidentially.
Forms
- private auction
- private auctions
Related terms
See also
Commentary
Private auctions are often used to maintain confidentiality and control over the sale process, which can be critical in sensitive transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.