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
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a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge
auction, auction sale, vendueverb
the public sale of something to the highest bidder
auction, auction off, auctioneerverb
sell at an auction
Wiktionary
auctionnoun
A public event where goods or property are sold to the highest bidder.
auctionverb
To sell at an auction.
Samuel Johnson's Dictionary
AUCTIONnoun
Etymology: auctio, Lat.
Ask you why Phrine the whole auction buys;
Phrine foresees a general excise. Alexander Pope.To Auctionverb
To sell by auction
Etymology: from auction.
Wikipedia
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
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
Auctionnoun
a public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue
Auctionnoun
the things sold by auction or put up to auction
Auctionverb
to sell by auction
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
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
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
Nouns Frequency
Rank popularity for the word 'auction' in Nouns Frequency: #2348
Anagrams for auction »
caution
Numerology
Chaldean Numerology
The numerical value of auction in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of auction in Pythagorean Numerology is: 2
Examples of auction in a Sentence
Big Tech claims that Big Tech simply presides over an open and free market, but in a truly free market the same party can't represent the seller, the buyer, make the rules, and conduct the auction, and that is unacceptable in a free enterprise system -- it hurts consumers and it hurts competition.
Everyone is cautiously optimistic about next year's economic situation, so CCTV downplayed the auction.
Family separation is rooted in our nation's history, let's be clear, harkening back to Black children being torn from their mothers' arms at slave auction blocks.
We’ve been around almost 50 years. We call ourselves the Texas auction. These are the stories and the land and objects that we specialize in, it’s a huge, huge honor.
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.
Popularity rank by frequency of use
References
Translations for auction
From our Multilingual Translation Dictionary
- مزاد, مزايدة, مزاد علنيArabic
- аўкцыёнBelarusian
- търг, наддаване, продавам на търгBulgarian
- নিলামBengali
- subhasta, subhastarCatalan, Valencian
- dražba, aukceCzech
- auktionDanish
- versteigern, Versteigerung, AuktionGerman
- δημοπρασίαGreek
- aŭkcioEsperanto
- rematar, subastar, subasta, remateSpanish
- مزایدهPersian
- huutokaupata, huutokauppaFinnish
- enchères, vente aux enchèresFrench
- ceant, cuir ceant ar, cuir ar ceant, ceantáilIrish
- poxa, almoeda, poxar, proiaGalician
- מכירה פומביתHebrew
- नीलामीHindi
- árverés, aukcióHungarian
- lelangIndonesian
- mettere all'asta, vendere all'asta, astaItalian
- מכירה פומביתHebrew
- 競売, オークションJapanese
- აუქციონიGeorgian
- 경매, 경매하다Korean
- mezadKurdish
- auctio, praecoLatin
- ເລຫຼັງLao
- māketeMāori
- melelongMalay
- auksjonNorwegian
- veiling, veilenDutch
- auksjonNorwegian Nynorsk
- auksjonNorwegian
- aukcjaPolish
- leilão, leiloarPortuguese
- licitaţieRomanian
- аукционRussian
- аукција, aukcijaSerbo-Croatian
- auktionSwedish
- mnadaSwahili
- ஏலம்Tamil
- వేలం వేయు, వేలంTelugu
- ขายทอดตลาดThai
- açık artırma, müzayede, mezatTurkish
- аукціонUkrainian
- نیلامیUrdu
- bán đấu giá, đấu giáVietnamese
- ליציטאַציעYiddish
- 拍卖Chinese
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"auction." Definitions.net. STANDS4 LLC, 2024. Web. 18 Mar. 2024. <https://www.definitions.net/definition/auction>.
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