Use Auction Off in a Sentence and How to use “Auction Off” in a sentence

Use Auction Off in a sentence. How to use the word Auction Off in a sentence? Sentence examples with the word Auction Off. Sentence for Auction Off.

Definition of Auction Off

Auction off means to sell something through a public auction. An auction is a process in which goods or property are sold to the highest bidder. During an auction, potential buyers will make bids, and the item will be sold to the person who makes the highest bid. The auction is typically conducted by an auctioneer who will take bids and announce the highest bid to the audience. The auction may take place in person, such as at an auction house or on a physical location, or it can be done online. The process of auctioning off something usually includes a starting price (reserve price) which is the minimum price that the auctioneer will accept, and the bidding will start from there.

Examples of Auction Off in a sentence

1. The government plans to auction off the seized property next month.
2. The charity auctioned off several one-of-a-kind items to raise money for the cause.
3. The company decided to auction off its surplus inventory to generate cash.
4. The auction off of the rare painting attracted many art collectors from around the world.
5. The bank is auctioning off the foreclosed properties to recover their losses.
6. The estate sale included the auction off of antique furniture and other valuable items.
7. The government auctioned off the rights to develop the land to the highest bidder.
8. The company decided to auction off the company’s intellectual property to the highest bidder.
9. The charity auctioned off a dinner with a famous actor to raise money for their cause.
10. The company auctioned off their old equipment to make room for new technology.
11. The government will auction off the rights to mine the mineral deposit to the highest bidder.
12. The auction off of the old coins was a success and raised a lot of money for the museum.
13. The company decided to auction off their surplus stock to generate cash quickly.
14. The charity auctioned off a week-long vacation package to raise money for the organization.
15. The bank auctioned off the repossessed cars to recover their losses.
16. The company decided to auction off the company’s patents to generate revenue.
17. The government auctioned off the rights to the oil field to the highest bidder.
18. The auction off of the rare books drew a lot of attention from bibliophiles.
19. The company is auctioning off its old office equipment to make room for new technology.
20. The government is auctioning off the rights to develop the land to the highest bidder.
21. The auction off of the rare stamps was a success and raised a lot of money for the collector.
22. The company is auctioning off the old factory to generate cash.
23. The charity auctioned off a trip to space to raise money for the organization.
24. The government auctioned off the rights to the fishing ground to the highest bidder.
25. The company decided to auction off the company’s trademarks to generate revenue.