Usually means: Sold at auction to highest bidder.
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We found 6 dictionaries that define the word under the hammer:

General (4 matching dictionaries)
  1. under the hammer: Merriam-Webster
  2. under the hammer: Wiktionary
  3. under the hammer: Dictionary.com
  4. under the hammer: TheFreeDictionary.com

Medicine (1 matching dictionary)
  1. under the hammer: Merriam-Webster Medical Dictionary

Slang (1 matching dictionary)
  1. Under The Hammer: Urban Dictionary

Definitions from Wikipedia (Under the Hammer)

noun:  a British comedy drama television series which originally aired on ITV from 10 January to 21 February 1994.

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