{"iri":"https://folio.openlegalstandard.org/R8kOvHwkY6TrQmB7RnYiWNO","label":"Auction","sub_class_of":["https://folio.openlegalstandard.org/RBI5p2rdv7JzHTtGyObrIcl"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/RDLIpK2R8t5eS7LDT636F0h"],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"en-gb":"Auction","de-de":"Auktion","pt-br":"Leilão","es-es":"Subasta","es-mx":"Subasta","fr-fr":"Vente aux enchères","he-il":"מכרז","hi-in":"नीलामी","ja-jp":"オークション","zh-cn":"拍卖"},"hidden_label":null,"definition":"An auction is a legal event where goods or property are sold to the highest bidder, typically as part of a bankruptcy or restructuring process.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}