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”).