auction
noun
[ ˈɔːkʃ(ə)n ]
• a public sale in which goods or property are sold to the highest bidder.
• "the books are expected to fetch a six-figure sum at tomorrow's auction"
• the part of the play in which players bid to decide the contract in which the hand shall be played.
auction
verb
• sell or offer for sale at an auction.
• "the painting was auctioned at Christie's"
Origin:
late 16th century: from Latin auctio(n- ) ‘increase, auction’, from the verb augere ‘to increase’.
