# Auction

**IRI:** https://folio.openlegalstandard.org/R8kOvHwkY6TrQmB7RnYiWNO

## Labels

**Translations:**

- de-de: Auktion
- en-gb: Auction
- 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
- pt-br: Leilão
- zh-cn: 拍卖

## 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.

## Sub Class Of

- https://folio.openlegalstandard.org/RBI5p2rdv7JzHTtGyObrIcl

## See Also

- https://folio.openlegalstandard.org/RDLIpK2R8t5eS7LDT636F0h

**Deprecated:** False