Multi-parcel auctions are a method to level the playing field of all buyers - when multiple lots/parcels/tracts/properties owned by the same seller, are being sold at one time. Buyers will have different interests; some will want only one of the parcels, othes may want combinations and yet others may want the entire group of them.
This method is frequently used to maximize selling prices for acreage/raw land/farm land, etc.
It's complex to define or explain - and software programs are sold to track multi-parcel auctions - but here's a link to an auction site that provide a pretty good example with narrative. http://www.hodgesauction.com/auctions/multiparsystem.htm
Cheers,
Linda
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