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auction - 6 dictionary results

auc⋅tion

[awk-shuhn]
–noun
1. Also called public sale. a publicly held sale at which property or goods are sold to the highest bidder.
2. Cards.
a. auction bridge.
b. (in bridge or certain other games) the competitive bidding to fix a contract that a player or players undertake to fulfill.
–verb (used with object)
3. to sell by auction (often fol. by off): He auctioned off his furniture.

Origin:
1585–95; < L auctiōn- (s. of auctiō) an increase, esp. in the bidding at a sale, equiv. to auct(us) increased, ptp. of augēre (aug- increase + -tus ptp. suffix) + -iōn- -ion


auc⋅tion⋅a⋅ble, adjective
auc⋅tion⋅ar⋅y, adjective
auc·tion   (ôk'shən)   
n.  
  1. A public sale in which property or items of merchandise are sold to the highest bidder.
  2. Games
    1. The bidding in bridge.
    2. Auction bridge.
tr.v.   auc·tioned, auc·tion·ing, auc·tions
To sell at or by an auction: auctioned off the remaining inventory.

[Latin auctiō, auctiōn-, from auctus, past participle of augēre, to increase; see aug- in Indo-European roots.]

Auction

Auc"tion\, n. [L. auctio an increasing, a public sale, where the price was called out, and the article to be sold was adjudged to the last increaser of the price, or the highest bidder, fr. L. augere, auctum, to increase. See Augment.]

1. A public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue.

2. The things sold by auction or put up to auction.

Ask you why Phryne the whole auction buys ? --Pope.

Note: In the United States, the more prevalent expression has been "sales at auction," that is, by an increase of bids (Lat. auctione). This latter form is preferable.

Dutch auction, the public offer of property at a price beyond its value, then gradually lowering the price, till some one accepts it as purchaser. --P. Cyc.

Auction

Auc"tion\, v. t. To sell by auction.
Language Translation for : auction
Spanish: subasta,
German: die Auktion,
Japanese: 競売

auction  (n.)
"a sale by increase of bids," 1595, from L. auctionem (nom. auctio) "an increasing sale," from aug-, stem of augere "to increase," from PIE base *aug- "to increase" (see augment). In northern England and Scotland, called a roup. The verb is attested from 1807. In the U.S., something is sold at auction; in England, by auction. Auctioneer (n.) is attested from 1708.

Main Entry: auc·tion
Function: noun
: a public sale of property to the highest bidder —see also RESERVE
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