Vendue

A public auction or sale, especially of goods or property. The term, historically common, implies a forced or urgent disposal, often under the direction of a court or creditor. The items sold at a vendue are typically offered to the highest bidder, with the proceeds distributed according to legal or financial obligations. Vendues were historically used for the sale of various assets, including real estate, personal property, and sometimes even ships or slaves, reflecting a time when they were a crucial part of financial and legal processes.

Vendue meaning with examples

• After the bankrupt company declared insolvency, all the company assets were sold at a public vendue, including office furniture and equipment. Collectors hoped to find a bargain. Some would leave disappointed. The remaining funds were distributed to creditors.
• The estate’s executor scheduled a vendue to settle debts after the deceased's passing, as the will needed liquid funds. Antique furniture and family heirlooms were put up for sale. Family members looked on sadly as old memories were sold, sometimes to neighbours.
• A sheriff's vendue was held to recoup unpaid taxes, resulting in the sale of a local farm and its livestock. The unexpected nature of the vendue surprised the neighbours. Some farmers were looking at this auction as an opportunity. Others were scared.
• The ship, seized after running afoul of international sanctions, went to vendue, with the winning bidder taking possession. It was a rare chance to own something so valuable. Everyone in the town was discussing the auction and the high bidding.
• As the painting was sold, the room went completely silent, waiting for the next bid. A buyer was looking to make a profit, and a seller was looking for cash.