auction

n.

1. A public sale in which property or items of merchandise are sold to the highest bidder.
2. Games.
   1. The bidding in bridge.
   2. Auction bridge.

tr.v., -tioned, -tion·ing, -tions.
To sell at or by an auction: auctioned off the remaining inventory.

[Latin auctiō, auctiōn-, from auctus, past participle of augēre, to increase.]

A system where potential buyers place competitive bids on assets and services. The asset or service in question will sell to the party that places the highest bid. In most cases, sellers will pay a listing fee to the auctioneer, regardless of whether the item actually sells for the desired price.

Investopedia Says:
For example, Google used a modified form of auctioning called the dutch auction when it issued its IPO. In this form of auction, prospective buyers submitted bids that included the number of shares desired and what the bidder was willing to pay for them. After the auction ended, the underwriters sorted through bids in order to determine the minimum priced bid they would accept from buyers. The IPO was priced at $85.

The Internet has increased the amount of exposure that auctions now have, and bidders no longer have to be physically present to participate. Online marketplaces such as eBay connect buyers and sellers worldwide by allowing individuals to submit their bids (or list their products) online and send payment electronically.

Related Links:
If you're new to the stock market and want the basics, this is the tutorial for you! Stock Basics Tutorial
Find out the answers to all the questions you had about stock exchanges but were afraid to ask! Getting to Know Stock Exchanges

A way of marketing property to the highest bidder. Bids are taken verbally or simultaneously through mail or telegrams, and the property is sold to the highest bidder. Auctioning real estate may require both an auctioneer's license and a real estate license.
Example: Land in Iowa, since it is relatively homogeneous, lends itself to auction sales where it is sold to the highest verbal bidder.
Example: Fannie Mae agrees to buy mortgages once a week via an auction. Mortgage sellers state the price or yield they want, and Fannie Mae accepts the highest yields offered.

IN BRIEF: A public sale at which each item is sold to the person offering to pay the highest price.

Grandma's old furniture was sold for a good price at the auction.

Tutor's tip: Most art collectors take "action" (act) when attending an "auction" (sale at which people bid against one another for an item).

Dansk (Danish)
n. - auktion
v. tr. - afholde auktion, sælge ved auktion, bortauktionere

idioms:

• art auction    kunstauktion
• put up for auction    sætte på auktion, sælge på auktion

Nederlands (Dutch)
veiling, openbare verkoping, veilen, openbaar verkopen

Français (French)
n. - vente aux enchères, vente à la criée
v. tr. - vendre aux enchères, vendre à la criée

idioms:

• put up for auction    mettre aux enchères

Deutsch (German)
n. - Versteigerung, Auktion
v. - versteigern

idioms:

• put up for auction    versteigern

Ελληνική (Greek)
n. - πλειστηριασμός, δημοπρασία
v. - εκπλειστηριάζω, δημοπρατώ, βγάζω στο σφυρί

idioms:

• art auction    δημοπρασία έργων τέχνης
• put up for auction    βγάζω σε δημοπρασία, βγάζω στο σφυρί

Italiano (Italian)
vendere all'asta, asta

idioms:

• art auction    asta d'arte
• Dutch auction    asta olandese
• put up for auction    mettere all'asta

Português (Portuguese)
n. - leilão (m)
v. - leiloar

idioms:

• art auction    leilão de arte
• Dutch auction    leilão holandês
• put up for auction    colocar em leilão

Русский (Russian)
продавать с аукциона, аукцион

idioms:

• art auction    аукцион, где выставляются произведения искусства
• Dutch auction    "голландский аукцион"
• put up for auction    продавать с аукциона

Español (Spanish)
n. - subasta, remate
v. tr. - subastar

idioms:

• put up for auction    vender al mejor postor

Svenska (Swedish)
n. - auktion
v. - auktionera ut

中文（简体）(Chinese (Simplified))
拍卖, 竞叫桥牌

idioms:

• art auction    艺术品拍卖
• put up for auction    交付拍卖

中文（繁體）(Chinese (Traditional))
n. - 拍賣, 競叫橋牌
v. tr. - 拍賣

idioms:

• art auction    藝術品拍賣
• put up for auction    交付拍賣

한국어 (Korean)
n. - 경매, 옥션 브리지(네 사람이 두 패로 나누어 하는 브리지 놀이)
v. tr. - 을 경매하다

idioms:

• put up for auction    경매에 부치다

日本語 (Japanese)
n. - 競売, せり
v. - 競売で売る, 競売にかける

idioms:

• put up for auction    競売に出す

العربيه (Arabic)
‏(الاسم) مزاد علني (فعل) البيع بالمزاد العلني‏

עברית (Hebrew)
n. - ‮מכירה פומבית‬
v. tr. - ‮מכר במכירה פומבית‬

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auction	Mimio Auction
Auction Cartridges	coin auction