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auction

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auction


  3  definitions  found 
 
  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  ``sales  at  auction,''  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. 
 
  From  Webster's  Revised  Unabridged  Dictionary  (1913)  [web1913]: 
 
  Auction  \Auc"tion\,  v.  t. 
  To  sell  by  auction. 
 
  From  WordNet  r  1.6  [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  superseded  by  contract  bridge  [syn:  {auction  bridge}] 
  2:  the  public  sale  of  something  to  the  highest  bidder  [syn:  {auction 
  sale},  {vendue}] 
  v  :  sell  at  an  auction  [syn:  {auction  off},  {auctioneer}] 




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