What does auction mean?

Definitions for auction
ˈɔk ʃənauc·tion

This dictionary definitions page includes all the possible meanings, example usage and translations of the word auction.

Princeton's WordNet

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    a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge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

Wiktionary

  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 Dictionary

  1. AUCTIONnoun

    Etymology: auctio, Lat.

    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.

Wikipedia

  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.

ChatGPT

  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 Dictionary

  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.]

Wikidata

  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 Dictionary

  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

British National Corpus

  1. Nouns Frequency

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

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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. Tom Albanese:

    We would look forward to participate in what would likely be an auction at that point in time.

  2. Senate Republican Leader Jean Fuller:

    What is clear is that ambitious and expensive pet programs like high-speed rail may be on the chopping block if these auction results continue.

  3. Alexandre Calmon:

    Petrobras' problem is financial. If it is in financial trouble, how can the government go ahead with the auction?

  4. Ian Kelleher:

    Last year we sold approximately $144 million of cars at Monterey, which is the single largest total for any collector car auction to date. This year we expect to eclipse that.

  5. Meron Eren:

    Surprisingly, this letter came from a collector in Israel who probably bought it at an auction in Europe ten or 20 years ago.

Popularity rank by frequency of use

auction#1#1841#10000

Translations for auction

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"auction." Definitions.net. STANDS4 LLC, 2024. Web. 22 Jun 2024. <https://www.definitions.net/definition/auction>.

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