"knock-outs" Definition

Definitions for the word "knock-outs" from multiple English dictionaries.

1. slang
or KNOCK-INS, disreputable persons who visit auction rooms and unite to purchase the articles at their own prices. One of their number is instructed to buy for the rest, and after a few small bids as blinds to the auctioneer and bystanders, the lot is knocked down to the KNOCK-OUT bidders, at a nominal price—the competition to result from an auction being thus frustrated and set aside. At the conclusion of the sale the goods are paid for, and carried to a neighbouring public-house, where they are re-sold or KNOCKED-OUT among the confederates, and the difference between the first purchase and the second—or tap-room KNOCK-OUT—is divided amongst the gang. As generally happens with ill-gotten gains, the money soon finds its way to the landlord’s pocket, and the KNOCK-OUT is rewarded with a red nose and a bloated face. Cunning tradesmen join the KNOCK-OUTS when an opportunity for money-making presents itself. The lowest description of KNOCK-OUTS, fellows with more tongue than capital, are termed BABES. Within the past few years a few respectable auctioneers, assisted much by one or two just and admirable magisterial decisions, have succeeded in considerably limiting the efforts of the KNOCK-OUT fraternity.
Source: The Slang Dictionary, 1864

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