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bn:02755178n
Noun Concept
Categories: Articles with short description, Community organizing, Foreclosure, Great Depression in the United States, Contexts for auctions
EN
penny auction
EN
A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner. Wikipedia
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Sources
EN
A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent of then returning the property to its previous owner. Wikipedia
Collective effort by a farmer’s neighbors to help the farmer keep the farm after foreclosure, in which the neighbors would gather in a crowd at the farm auction, bid very low prices, and intimidate other bidders Wikidata
IS A
collective action
Wikipedia
EN
penny auction (foreclosure)
Wikidata
EN
penny auction

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