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English Dictionary: auction by the DICT Development Group
3 results for auction
From WordNet (r) 3.0 (2006) [wn]:
auction
n
  1. a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge
    Synonym(s): auction, auction bridge
  2. the public sale of something to the highest bidder
    Synonym(s): auction, auction sale, vendue
v
  1. sell at an auction [syn: auction, auction off, auctioneer]
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
   Auction \Auc"tion\, v. t.
      To sell by auction.

From Webster's Revised Unabridged Dictionary (1913) [web1913]:
   Auction \Auc"tion\, n. [L. auctio an increasing, a public sale,
      where the price was called out, and the article to be sold
      was adjudged to the last increaser of the price, or the
      highest bidder, fr. L. augere, auctum, to increase. See
      {Augment}.]
      1. A public sale of property to the highest bidder, esp. by a
            person licensed and authorized for the purpose; a vendue.
  
      2. The things sold by auction or put up to auction.
  
                     Ask you why Phryne the whole auction buys ? --Pope.
  
      Note: In the United States, the more prevalent expression has
               been [bd]sales at auction,[b8] that is, by an increase
               of bids (Lat. auctione). This latter form is
               preferable.
  
      {Dutch auction}, the public offer of property at a price
            beyond its value, then gradually lowering the price, till
            some one accepts it as purchaser. --P. Cyc.
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