noun
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
競売買で落札した絵画は、予想以上に高値がついた。
The painting I won at auction fetched a higher price than expected.
不動産の競売買には、事前の物件調査が欠かせない。
Prior property inspection is essential for real estate auctions.
Compound of 競 (compete) + 売買 (buying and selling), literally 'competitive buying and selling'.