Definitions for auction
ˈɔk ʃənauc·tion

Princeton's WordNetRate this definition:3.8 / 5 votes

1. auction, auction bridgenoun

   a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge

2. auction, auction sale, vendueverb

   the public sale of something to the highest bidder

3. auction, auction off, auctioneerverb

   sell at an auction

WiktionaryRate this definition:2.0 / 1 vote

1. auctionnoun

   A public event where goods or property are sold to the highest bidder.

2. auctionverb

   To sell at an auction.

Samuel Johnson's DictionaryRate this definition:0.0 / 0 votes

1. AUCTIONnoun

   Etymology: auctio, Lat.

   1. A manner of sale in which one person bids after another, till so much is bid as the seller is content to take.2. The things sold by auction.

   Ask you why Phrine the whole auction buys;
   Phrine foresees a general excise. Alexander Pope.

2. To Auctionverb

   To sell by auction

   Etymology: from auction.

WikipediaRate this definition:0.0 / 0 votes

1. Auction

   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 bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with auction types and participants' behavior in auctions is called auction theory. The open ascending price auction is arguably the most common form of auction and has been used throughout history. Participants bid openly against one another, with each subsequent bid being higher than the previous bid. An auctioneer may announce prices, while bidders submit bids vocally or electronically.Auctions are applied for trade in diverse contexts. These contexts include antiques, paintings, rare collectibles, expensive wines, commodities, livestock, radio spectrum, used cars, real estate, online advertising, vacation packages, emission trading, and many more.

ChatGPTRate this definition:0.0 / 0 votes

1. auction

   An auction is a public or private sale event where goods, property, or services are sold to the highest bidder. The item up for auction is usually presented or described, and potential buyers then compete by progressively raising their bids until no higher bid is offered, at which point the item is sold to the highest bidder. In some cases, there may be a reserve price which is the minimum acceptable bid for the item to be sold. The process can be conducted live, online, or through a combination of both methods.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Auctionnoun

   a public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue

2. Auctionnoun

   the things sold by auction or put up to auction

3. Auctionverb

   to sell by auction

4. Etymology: [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.]

WikidataRate this definition:0.0 / 0 votes

1. Auction

   An auction is 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 bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.

Chambers 20th Century DictionaryRate this definition:0.0 / 0 votes

1. Auction

   awk′shun, n. a public sale in which the bidder offers an increase on the price offered by another, and the articles go to him who bids highest.—v.t. to sell by auction.—adj. Auc′tionary.—n. Auctioneer′, one who is licensed to sell by auction.—v.t. to sell by auction.—Dutch auction, a kind of mock auction at which the salesman starts at a high price, and comes down till he meets a bidder. [L. auction-em, an increasing—augēre, auctum, to increase.]

Matched Categories

1. • Bridge

British National Corpus

1. Nouns Frequency

   Rank popularity for the word 'auction' in Nouns Frequency: #2348

Anagrams for auction »

1. caution

How to pronounce auction?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say auction in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of auction in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of auction in Pythagorean Numerology is: 2

Examples of auction in a Sentence

1. Chief Executive Anders Runevad:

   This is a more market-oriented approach, there is a different logic now that we get into an auction market. The EnVentus platform, the first new Vestas platform since 2011, will offer customers more flexibility than The EnVentus platform existing 2 megawatt( MW) and 4 MW platforms, Vestas said. The company is also launching new V150-5.6 MW and V162-5.6 MW turbines to run on The EnVentus platform. New EnVentus-based turbines will be built from standardised modules that fit other turbines rather than from parts that only fit one platform. New EnVentus-based turbines will make manufacturing, servicing and upgrading New EnVentus-based turbines simpler, Vestas said. Vestas, whose main rivals are General Electric( GE.N) and Siemens Gamesa( SGREN.MC), last month became the first to install 100 gigawatts of capacity globally. The wind power industry has been grappling with reduced subsidies in recent years and governments seeking more competitive contract tenders, increasing pressure on suppliers, turbine makers and wind farm developers to reduce costs.

2. Chris Ivy:

   An eight-figure auction result in the sports market was the stuff of fantasy just a decade ago, we always knew this card would shatter records and expectations. But that doesn't make it any less of a thrill to be part of an auction during which a single item breaks the eight-figure threshold for the first time. It's an extraordinary accomplishment for our wonderful team of sports experts at Heritage Auctions shared with CNN. And, of course, we could not have done it without Anthony Giordano, Anthony Giordano, who put Anthony Giordano trust in Heritage Auctions.Mantle to bring this amazing card to market.

3. Chief Executive Officer Tom Rutledge:

   While we'd like to participate in the auction, it's a very awkward time for us, if somehow we get a faster close (of the TWC transaction), then we might.

4. Takenobu Nakashima:

   By refraining from buying for a long period after the auction, the BOJ may be trying to raise the market’s volatility.

5. John Kihia:

   If you sell through an auction and you have a good quality product, people will be competing for your flowers which will give you a better price.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=auction
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Auction
3. ^ Samuel Johnson's Dictionary
   https://johnsonsdictionaryonline.com/views/search.php?term=auction
4. ^ Wikipedia
   https://en.wikipedia.org/wiki/Auction
5. ^ ChatGPT
   https://chat.openai.com
6. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/auction
7. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=auction
8. ^ Chambers 20th Century Dictionary
   https://www.gutenberg.org/files/37683/37683-h/37683-h.htm#:~:text=auction