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auction

auction

512 2.8
A public sale where people bid and the highest bidder buys the item
  • noun
  • /ˈɔːkʃən/
translation icon : subasta
  • The vintage painting will be sold at a public auction next Saturday.
  • auction house
  • sold at auction
  • silent auction

So that began an auction for that property too.

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Examples

  • The museum bought it at a Dublin auction, and it is without documentation of any kind.

    Academic text (1995)
  • There is a $300 million service contract up for auction to develop associated gas in Syria.

    Academic text (1999)
  • And it went up for auction and Steve bought it.

  • As of this morning, auction prices were much higher than January.

  • This vehicle goes on sale at the auction at the end of next week.

  • I picked it up at an estate auction.

  • But over the weekend, we managed to hold an auction and sell the bonds ourselves.

  • It goes up for auction on Tuesday.

  • The original white jacket was sold at an auction two years ago for about $52,600.

    Academic text (2013)
  • OK, it's Sunday night and I'm about to send our NFT auction live.

Synonyms

auction sale
vsauction
1 3.2

A public sale where items go to the person who offers the most money

is the shorter common name for the same public sale
Dutch auction
vsauction
  • Specialized
1 7.7

A way of selling where the price goes down until a buyer accepts

is a public sale where items go to the highest offer via rising bids
vendue
vsauction
  • Archaic
9.9

A public sale where people offer money to buy goods

is the same meaning but used as an alternative form of the name
bidding contest
vsauction
3.7

A competition where people or companies offer higher prices to win something like at an auction

is a public sale awarding goods to the single highest offer

Compounds

21 3.0

A company that sells things to the person who pays the most, often paintings or antiques

A raised platform where an auctioneer stands to sell things

Dutch auction
  • Specialized
1 7.7

A way of selling where the price goes down until a buyer accepts

1 3.2

A public sale where items go to the person who offers the most money

auction bridge
  • Archaic
9.1

A version of the card game bridge where extra tricks above the agreed number count for the score

auction pitch
  • Archaic
9.9

A card game where the first card played decides which suit wins over others

How Competitive

price war
4 3.2
auction
512 2.8
negotiation
  • Formal
859 3.5

Surface Forms

auction singular
auctions plural

Etymology

Auction comes from the Latin auctio, from augere meaning 'to increase'. An auction is a public sale where the price keeps rising as people bid, so the idea of 'increasing' explains the modern sale by the highest offer.