What is the 'auctionee'?

The term 'auctionee' refers specifically to the individual or entity that is selling the item at auction. In the auction process, the auctionee is the party that owns the item and offers it for sale, making it available for potential buyers to bid on. This role is distinct from that of the auctioneer, who facilitates the auction, or the bidders, who actively compete to purchase the item. Understanding the function of the auctionee is crucial for anyone involved in auctions, as it clarifies the dynamics of who is providing the goods for sale as well as their rights and responsibilities in the auction process.