n. 1. A public sale in which property or items of merchandise are sold to the highest bidder. tr.v. auc·tioned, auc·tion·ing, auc·tions To sell at or by an auction: auctioned off the remaining inventory. [Latin auctiō, auctiōn-, from auctus, past participle of augēre, to increase; see aug- in the Appendix of Indo-European roots.] |
The American Heritage® Dictionary of the English Language, Fifth Edition copyright ©2022 by HarperCollins Publishers. All rights reserved.