An auction in which there is no set starting price, and whoever bids the highest wins, regardless of how little that bid might be.

The bidding is started at $0, and any bid above that can win. There is no minimum bid. There are no set bidding increments. This is done when the seller wants to get rid of everything -- even if they can't get a good price for it. In theory, the seller is forbidden to bid directly or indirectly on the lots.

Most auctions are not absolute auctions.

Log in or registerto write something here or to contact authors.