Auction set: meaning, definitions and examples

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auction set

 

[ ˈɔːkʃən sɛt ]

Noun / Verb
Context #1 | Noun

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

auctioning, bidding, sale.

Which Synonym Should You Choose?

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Word Description / Examples
auction set

Used to describe the items that are prepared and grouped together for an auction event.

  • The auction set includes several rare paintings and antique furniture
  • The auction set will be displayed before the event begins
sale

General term for the act of selling goods or services in exchange for money. It doesn't imply a competitive atmosphere like an auction.

  • The store is having a big sale this weekend with discounts up to 70%
  • He completed the sale of his old car yesterday
bidding

Describes the action of placing offers to buy something, usually in a competitive context like an auction.

  • The bidding started at $100 and quickly rose to $5000
  • Online bidding for the charity event opens at noon
auctioning

Refers to the process of selling items at an auction, where potential buyers place bids.

  • They are auctioning off old office equipment to make space for new furniture
  • The auctioning of the property attracted a lot of attention from prospective buyers

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.
Context #2 | Noun

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

bundle, collection, lot.

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Word Description / Examples
auction set

Used when referring to items grouped together for the purpose of being sold at an auction. This phrase emphasizes the setting of the auction.

  • He obtained an antique auction set that included rare coins and stamps.
  • The auction set was displayed prominently for all potential buyers to examine.
collection

Denotes a group of items that have been gathered or accumulated, often over time, for a specific purpose or by a specific person. This term is commonly used for hobbyist gatherings like stamps, coins, or artwork.

  • His collection of vintage cars is extraordinary.
  • The museum has a new collection of Renaissance paintings on display.
lot

Generally used to refer to a group of items that are being sold together, typically in an auction or sale setting. Has a slightly neutral or formal tone and can be used in both commercial and informal contexts.

  • The lot of jewelry attracted many bidders at the auction.
  • He sold the entire lot of books to a single buyer.
bundle

Refers to a collection of items that are grouped together, often sold as a single unit. Typically used in commercial or retail contexts where items are packaged together to add value.

  • She bought a bundle of kitchen utensils on sale.
  • The software company offers a bundle that includes both the antivirus and the backup solution.

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.
Context #3 | Verb

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.

Which Synonym Should You Choose?

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Word Description / Examples
auction set

The term 'auction set' is not commonly used in English, but if it were, it might refer to a collection of items prepared for auction or the setting where an auction takes place.

  • The auction set will include antique furniture and rare paintings
sell at auction

Use this phrase when referring to actually selling items through the process of an auction. It emphasizes the method of sale.

  • He plans to sell his vintage car at auction to get the best price
put up for bid

This phrase is appropriate when describing the act of offering something for sale, especially in an auction, by inviting potential buyers to make offers or bids.

  • The company put up for bid several rare artifacts from its collection

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

Etymology

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.