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Meaning of auction
A public sale in which goods or property are sold to the highest bidder.
Etymology of auction
The word "auction" comes from the Latin "auctio", meaning "increase" or "augmentation", which is derived from "augere", meaning "to increase"
The term has been used in English since the 17th century to describe a public sale where goods are sold to the highest bidder
Synonyms
sale
bidding
tender
offer
proposal
quote
estimation
valuation
appraisal
assessment
evaluation
estimation
purchase
trade
exchange
barter
sale
sell
dispose
vend
peddle
hawk
market
commerce
transaction
deal
bargain
negotiation
haggling
purchase
acquisition
Definitions
- A public sale in which goods or property are sold to the highest bidder
- The act of selling something to the highest bidder
- A public sale of goods or property to the highest bidder, typically conducted by an auctioneer
Usage Examples
- The painting was sold at auction for a record-breaking price
- The company will hold an auction to sell off its remaining assets
- The charity event featured a silent auction with exclusive items up for bid
Antonyms
gift
donation
giveaway
freebie
handout
present
bestowal
grant
subsidy
allocation
assignment
private sale
fixed price
set price
retail
wholesale
monopoly
private ownership