Auction set: meaning, definitions and examples
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auction set
[ ˈɔːkʃən sɛt ]
buying and selling goods or services
An auction is a public sale where goods or property are sold to the highest bidder. It is a method of buying and selling items by offering them up for bid, taking bids, and then selling the item to the highest bidder.
Synonyms
Examples of usage
- The auction set a new record for the highest price ever paid for a painting.
- She won the auction for the antique furniture set.
group of items sold together
A set in an auction refers to a group of items that are sold together as a single lot. It can include a collection of related items or a bundle of goods that are auctioned off as a unit.
Synonyms
Examples of usage
- The auction set included a set of fine china and silverware.
- They decided to bid on the entire set of vintage vinyl records.
arrange for sale by auction
To auction set means to organize or arrange for items to be sold at an auction. It involves preparing the items for sale, setting a date and time for the auction, and promoting the event to attract bidders.
Synonyms
put up for bid, sell at auction
Examples of usage
- They decided to auction set their antique jewelry collection.
Translations
Translations of the word "auction set" in other languages:
🇵🇹 conjunto de leilão
🇮🇳 नीलामी सेट
🇩🇪 Auktionsset
🇮🇩 set lelang
🇺🇦 набір для аукціону
🇵🇱 zestaw aukcyjny
🇯🇵 オークションセット
🇫🇷 ensemble de vente aux enchères
🇪🇸 conjunto de subasta
🇹🇷 müzayede seti
🇰🇷 경매 세트
🇸🇦 مجموعة المزاد
🇨🇿 aukční sada
🇸🇰 aukčný set
🇨🇳 拍卖套装
🇸🇮 aukcijski set
🇮🇸 uppboðsett
🇰🇿 аукцион жиынтығы
🇬🇪 აუქციონის ნაკრები
🇦🇿 hərrac dəsti
🇲🇽 conjunto de subasta
Word origin
The word 'auction' originated from the Latin word 'auctio', meaning an increase or growth. The concept of auctions dates back to ancient Greece, where goods and property were sold to the highest bidder. Auctions have been used throughout history as a method of commerce, and they continue to be a popular way of buying and selling goods in modern times.