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
AuctionAuction 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
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 Auc"tion, v. t.
To sell by auction.
Meaning of Auction from wikipedia
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