what
is an auction?
- Auc′tion, n. Latin 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.
From the Latin augere, auctum, to increase.
See Augment.
- A public sale of property to the highest bidder, especially by a person licensed and authorized for the purpose; a vendue.
- The things sold by auction or put up to auction.
- 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.
- Auc′tion, v. t.
- To sell by auction.
Webster’s 1913 Dictionary
|
articles
|
