auction; buying and selling at auction
Legal and commercial term for transactions conducted through an auction process. Often contrasted with 相対売買 (private negotiation).
See also: 相対売買
The painting I won at auction fetched a higher price than expected.
Prior property inspection is essential for real estate auctions.
A more common term for 'auction', focusing on the selling process. 競売買 explicitly includes both buying and selling aspects.
Standard kanji spelling for this legal term.
Compound of 競 (compete) + 売買 (buying and selling), literally 'competitive buying and selling'.