A house about to be sold at auction.
- The definition of an auction is a sale of one or several items in which buyers bid how much they are willing to pay.
An example of an auction is a the sale of a foreclosed house to the highest bidder.
- Auction is defined as to sell an item to the buyer who will pay the most, instead of for a set price.
An example of to auction is to sell an item using eBay to the highest bidder.
- a public sale at which items are sold one by one, each going to the last and highest of a series of competing bidders
- auction bridge
- the bidding in bridge
- Finance a sale of government securities in which competitive bidding determines their yield
Origin of auctionClassical Latin auctio, an increasing, sale by increase of bids from auctus, past participle of augere, to increase: see wax
put up at auction
- A public sale in which property or items of merchandise are sold to the highest bidder.
- Games See auction bridge.
transitive verbauc·tioned, auc·tion·ing, auc·tions
Origin of auctionLatin auctiō auctiōn- from auctus past participle of augēre to increase ; see aug- in Indo-European roots.
- A public event where goods or property are sold to the highest bidder.
(third-person singular simple present auctions, present participle auctioning, simple past and past participle auctioned)
- To sell at an auction.
From Latin augere (“to increase”).