Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Absolute Auction Absolute Auction November 9, 2021 An auction in which the subject property is sold to the highest bidder regardless of the amount of the winning bid.You Might Also Like: Family MattersPreparing Financially for a Baby Everyday MoneyBudget Friendly Ideas for Thanksgiving Everyday MoneySenior Discounts and Savings Everyday MoneyStarting an Emergency Savings Account Living QuartersQuestions to Ask Your Home Inspector