Auction

Definition of Auction

Auc´tion
n.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.
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.
v. t.1.To sell by auction.

Related Words

auction off, auction sale, auctioneer, commerce, commercialism, mercantilism, sell, vendue
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