penny auction

noun

A kind of auction that charges bidders a small fee (such as one penny) for each bid placed.

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Meanings

nounpenny auction (plural penny auctions)

plural penny auctions

  1. A kind of auction that charges bidders a small fee (such as one penny) for each bid placed.
  2. historicalEspecially during the Great Depression, the use of intimidation to force the sale of a foreclosed property at a low price, with the intent of returning the property to its previous owner.
Cite this entry
APA

penny auction. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/penny%20auction

MLA

“penny auction.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/penny%20auction. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “penny auction,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/penny%20auction.

Source: penny auction on Wiktionary, CC BY-SA 4.0.