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more about auction
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auction n 1: a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge [syn: {auction bridge}] 2: the public sale of something to the highest bidder [syn: {auction sale}, {vendue}] v : sell at an auction [syn: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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