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 bid, taking bids, and then selling the item to the highest...
- An online auction (or also electronic auction or e-auction or eAuction) is an auction which is held over the internet. Like auctions in general, online...
- A Vickrey auction or sealed-bid second-price auction (SPSBA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the...
- 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...
- Auction sniping is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as...
- An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening...
- countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide...
- real-money auction house from the Korean release of the game as the auction house violated Korean anti-gambling laws. In the gold-based auction house, a...
- the special award for Fair Play was won by the Chennai Super Kings. The auctions for team ownership was held on January 24, 2008. Mumbai was the most expensive...
- 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...