When the household goods were 'auctioned'.... The word 'auction' here means ?
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A number assigned to a bidder when he or she registers at the auction. ... If there are no bids on a lot, or if bidding does not reach the reserve price, the lot is “passed,” meaning it is left unsold and in most cases remains the property of the seller.left unsoldLot: An item or set of items for sale in an auction, lots are normally denoted by a "lot" number.House auctions work by giving prospective homebuyers a chance to bid on foreclosed properties. Winning bids are typically lower than market prices, but you'll have to do your homework. A lot of it, in fact, to make sure you don't end up with a money pit. You'll also probably need to be able to pay in full with cash.
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