Auction: meaning, definitions and examples

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auction

[ ˈɔːkʃ(ə)n ]

^{Context #1}

buying and selling

An auction is a public sale where goods or property are sold to the highest bidder.

Synonyms

bidding, market, sale

Examples of usage

The painting was sold at an auction for a record price.
She won the bid at the auction and bought a rare antique vase.

^{Context #2}

event

An auction is also an event where items are sold by being offered up for bid.

Synonyms

bidding, event, sale

Examples of usage

They attended the charity auction to support a good cause.
The auction of vintage cars attracted many collectors.

^{Context #3}

selling

To auction means to sell something by putting it up for bid in an auction.

Synonyms

bid, offer, sell

Examples of usage

They decided to auction off their collection of rare stamps.
The house was auctioned to the highest bidder.

Translations

Translations of the word "auction" in other languages:

🇵🇹 leilão

🇮🇳 नीलामी

🇩🇪 Auktion

🇮🇩 lelang

🇺🇦 аукціон

🇵🇱 aukcja

🇯🇵 オークション

🇫🇷 enchère

🇪🇸 subasta

🇹🇷 müzayede

🇰🇷 경매

🇸🇦 مزاد

🇨🇿 aukce

🇸🇰 aukcia

🇨🇳 拍卖

🇸🇮 dražba

🇮🇸 uppboð

🇰🇿 аукцион

🇬🇪 აუქციონი

🇦🇿 hərrac

🇲🇽 subasta

Word origin

The word 'auction' originated from the Latin word 'auctio', which means 'increasing' or 'augmenting'. Auctions have been used for centuries as a method of buying and selling goods and services. The concept of auctions can be traced back to ancient Greece, where they were used to sell women for marriage. Over time, auctions evolved into a popular way to sell valuable items to the highest bidder.