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Auction - Meaning, Definition & English Examples

auction

/ˈɔkʃən/ /ˈɔːkʃən/

Definition:

A public sale where goods are sold to the highest bidder.

Synonyms:

sale, bidding, vendue

Part of Speech:

noun, verb

Antonyms:

purchase, buy

Common Collocations:

silent auction, online auction, charity auction, auction house, auction catalog

Derivatives:

auctioneer, auctioned, auctioning

Usage Tips:

Use "auction" as a noun for the event or as a verb for the act of selling at an auction.

Common Phrases:

going once going twice sold, under the hammer, up for auction

Etymology:

From Latin "auctiōnem," meaning "an increase" or "sale by bidding."

Examples:

  • 1. They held an auction to sell the rare painting.
  • 2. She won the vase at a charity auction last week.
  • 3. The antique car will be auctioned next month.
  • 4. He enjoys bidding at online auctions for collectibles.

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