The In Auction

An "In Auction" refers to the period during which a sale, typically of properties, art, or collectibles, is actively taking place. During this time, participants can bid on the items they’re interested in, competing to offer the highest price. The auction owner or auctioneer manages the process, accepting bids until no higher offers are made. Once the auction ends, the highest bidder wins the item and is usually required to complete the purchase. It’s a transparent and competitive way to determine the market value of valuable assets through real-time negotiation among buyers.