auction

Meaning

Noun

1. A public event where goods or property are sold to the highest bidder.
2. The first stage of a deal, in which players bid to determine the final contract.

Verb

To sell at an auction.

Concepts

auction

public sale

vendue

auction off

auction sale

auctioneer

put to auction

bid

auction bridge

sell by auction

bidding

roup

sell at an auction

put up for auction

be up for auction

be under the hammer

sale by auction

selling to highest bidders

sale

auction selling

put on sale

put up to auction

public auction

competitive sale

dealer contest

mortgage

bring under the hammer

knock down

go to the hammer

tender

bazaar

Pronounced as (IPA)

/ˈɔːkʃən/

Etymology

From Latin auctiō (“an increase, auction”), from Latin augere (“to increase”).

Sentences

This was a record price for a Kooning piece sold at auction .