Auctioning: meaning, definitions and examples

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auctioning

[ ˈɔːkʃ(ə)nɪŋ ]

^{Context #1}

business

The process of selling goods or services to the highest bidder through a public event or online platform.

Synonyms

bidding, disposing, selling

Examples of usage

The auctioning of valuable artwork attracted many collectors.
They will be auctioning off rare antiques at the event.

^{Context #2}

business

An event or process of selling goods or services to the highest bidder.

Synonyms

auction, bidding, sale

Examples of usage

The auctioning of the abandoned storage units was a success.
The auctioning of the estate brought in a significant amount of money.

Translations

Translations of the word "auctioning" in other languages:

🇵🇹 leilão

🇮🇳 नीलामी

🇩🇪 Versteigerung

🇮🇩 lelang

🇺🇦 аукціон

🇵🇱 aukcja

🇯🇵 オークション

🇫🇷 enchères

🇪🇸 subasta

🇹🇷 müzayede

🇰🇷 경매

🇸🇦 مزاد

🇨🇿 dražba

🇸🇰 dražba

🇨🇳 拍卖

🇸🇮 dražba

🇮🇸 uppboð

🇰🇿 аукцион

🇬🇪 აუქციონი

🇦🇿 hərrac

🇲🇽 subasta

Word origin

The word 'auctioning' comes from the Latin word 'auctiō', meaning 'increase' or 'augment'. The practice of auctioning goods dates back to ancient Greece, where it was commonly used to sell property or slaves. Over time, auctions have evolved into a popular method of selling a wide range of items, from art and antiques to real estate and vehicles.