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auction

American  
[awk-shuhn] / ˈɔk ʃən /

noun

  1. Also called public sale.  a publicly held sale at which property or goods are sold to the highest bidder.

  2. Cards.

    1. auction bridge.

    2. (in bridge or certain other games) the competitive bidding to fix a contract that a player or players undertake to fulfill.


verb (used with object)

auctions, present (3rd person singular) auctioned, past participle, past auctioning present participle
  1. to sell by auction (often followed byoff ).

    He auctioned off his furniture.

auction British  
/ ˈɔːkʃən /

noun

  1. a public sale of goods or property, esp one in which prospective purchasers bid against each other until the highest price is reached Compare Dutch auction

  2. the competitive calls made in bridge and other games before play begins, undertaking to win a given number of tricks if a certain suit is trumps

  3. See auction bridge

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

verb

  1. to sell by auction

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Other Word Forms

Derived Forms

Etymology

Origin of auction

1585–95; < Latin auctiōn- (stem of auctiō ) an increase, especially in the bidding at a sale, equivalent to auct ( us ) increased, past participle of augēre ( aug- increase + -tus past participle suffix) + -iōn- -ion

Explanation

In an auction, items are sold without price tags — whoever bids the highest gets to buy it, whether it’s a painting, a car, or a set of old dishes. You can hold an auction, or auction something. You might have seen auction scenes in classy old movies where the characters bid on paintings by politely raising their hands as the auctioneer calls out a price. Auctions aren’t always high-fallutin’, though — many cities auction off cars they’ve confiscated from criminals.

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Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

For example, Mr. Woodhead, when he was editing the Peking & Tientsin Times, came forth with this amazing advertisement: AUCTION.

From Time Magazine Archive

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