競きょう売ばい買ばい

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

• 競きょう売ばい買ばいで落らく札さつした絵かい画がは、予よ想そう以い上じょうに高たか値ねがついた。

  The painting I won at auction fetched a higher price than expected.

• 不ふ動どう産さんの競きょう売ばい買ばいには、事じ前ぜんの物ぶっ件けん調ちょう査さが欠かかせない。

  Prior property inspection is essential for real estate auctions.