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auction

[awk-shuh n] /ˈɔk ʃən/
noun
1.
Also called public sale. a publicly held sale at which property or goods are sold to the highest bidder.
2.
Cards.
  1. auction bridge.
  2. (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 followed by off):
He auctioned off his furniture.
Origin
1585-1595
1585-95; < Latin auctiōn- (stem of auctiō) an increase, especially in the bidding at a sale, equivalent to auct(us) increased, past participle of augēre (aug- increase + -tus past participle suffix) + -iōn- -ion
Related forms
auctionable, adjective
auctionary, adjective
proauction, adjective
unauctioned, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for unauctioned

auction

/ˈɔːkʃən/
noun
1.
a public sale of goods or property, esp one in which prospective purchasers bid against each other until the highest price is reached Compare Dutch auction
2.
the competitive calls made in bridge and other games before play begins, undertaking to win a given number of tricks if a certain suit is trumps
verb
4.
(transitive) often foll by off. to sell by auction
Word Origin
C16: from Latin auctiō an increasing, from augēre to increase
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for unauctioned
auction
"a sale by increase of bids," 1590s, from L. auctionem (nom. auctio) "an increasing sale," from auctus, pp. 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; as a verb from 1733.
Online Etymology Dictionary, © 2010 Douglas Harper
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