| 1. | Dutch auction | ||
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A reverse auction in which goods begins at a high asking price but are then offered at progressively lower prices until a bidder is found. A practice used on eBay. The Dutch auction is how Dutch tulips are bidded on.
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| 2. | Fixed price auction | ||
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A term used to describe a listings on ebay where the listing is not an auction but is listed in the auction section of the site. A fixed price auction is like a pig in a blanket, it works but i would not touch it with someone else penis!
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| 3. | Taken To Auction | ||
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Put down; equivalent to the likes of 'He got owned' or 'She got Pwned'. Plays on the idea that when selling something at an auction. One usually has to accept any bid, no matter how low it may be. In other words, your being sold off for small change. Tex: Yo dawg, did you see the Title Fight last night? The Rattler totally got his ass taken to auction!
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| 4. | Auction Stalking | ||
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Watching an auction that you never intend to participate in, just to see how high it will go. Person 1: Yo! I can't believe that cup went for $150 on Ebay!
Person 2: How do you know it went that high? Person 1: Shoot, I was auction stalking it all night! |
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| 5. | Auction Cowboy | ||
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A person who looks at legal goods and pays for as many as 50 items. He goes to an auction and makes 3x. You need $50 to cover the rent? Call an auction cowboy.
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| 6. | Auction Wank | ||
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The act of masturbation in which the climax, being an orgasm or ejaculation, is perfectly in sync with some sort of auction (eBay etc). Created at around the very beginning of eBay, in London, when auctions became affiliated with computer systems. The year of 1995. 'Hey guys, last night I had the best Auction Wank! I came just as I won my new wardrobe!'
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| 7. | phantom bid | ||
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A bid on an online auction site, such as ebay, made by the person who's auctioning an item on an alternate auctioning account. This is used as opposed to a reserve limit, and/or when the owner of the item doesn't feel that the highest bid on their item is enough. That way, it either gets an even higher bid or it isn't sold then. The man put his car up for auction on ebay with a starting price of $1 because he thought it might have a bid war. He was sadly mistaken, and with only a few hours left, the highest bid was only $1000. But luckily he had another ebay account and made a phantom bid for $5000 so that he would either get what he wanted or not lose his car.
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