auction

Meanings

1. 1
   noun

   A public sale where goods are sold to the person who offers the most money.

   The painting sold for a record price at the auction.

2. 2
   verb

   To sell something at an auction to the highest bidder.

   After falling on hard times, the collector auctioned his finest paintings.

From Latin auctiō (“an increase, auction”), from augere (“to increase”).

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