Definition of Auction. Meaning of Auction. Synonyms of Auction

Here you will find one or more explanations in English for the word Auction. Also in the bottom left of the page several parts of wikipedia pages related to the word Auction and, of course, Auction synonyms and on the right images related to the word Auction.

Definition of Auction

Auction
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
Auction Auc"tion, v. t. To sell by auction.

Meaning of Auction from wikipedia

- An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest...
- player award and the special award for Fair Play was won by the CSK. The auctions for team ownership was held on January 24, 2008. Mumbai was the most expensive...
- An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected...
- A Vickrey auction or sealed-bid second-price auction (SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the...
- countries, as of 2019.[update] The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide...
- An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening...
- A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller...
- A Dutch auction is one of several similar types of auctions for buying or selling goods. Most commonly, it means an auction in which the auctioneer begins...
- A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. From the seller's...
- Yahoo! Auctions is a service set up by the online search giant Yahoo! in 1998 to compete against eBay. There are currently only two localizations of the...