teleauction

teleauction

auction, usually of livestock, over the telephone using a conference call mode so that a number of buyers can bid after hearing a description of the produce. The animals are often on the producer's farm. Avoids shipping and commingling.
References in periodicals archive ?
People taking part in the eight-day UK Teleauction, launched last night, could end up spending pounds 25 just to register their bids.
He said he would be contacting the Metropolitan Police's fraud squad about the company, UK Teleauction Ltd, which is based in Middlesex.
Teleauction bidders are told they can "save up to 75 per cent" on luxury goods like a Rover car, tropical holiday and dishwasher - but have to pay for the privilege of taking part.
1972), TeleAuction, Director of Program Services for Warner Communications (1977), Qube-the nations first interactive cable system, The Movie Channel, Nickelodeon, MTV, Country Music Television, and many more.