Auction
/หษหkสษn/noun
A public sale in which goods or property are sold to the highest bidder.
Did you know?The term 'auction' comes from the Latin 'auctio', which means 'to increase', hinting at the competitive spirit of raising stakes and prices, echoing the essence of desire and ambition in human nature.
Etymological Timeline
Proto-Indo-European
PIE
*aug-
โto increase, to growโ
Latin
Latin
auctio
โa sale or increase, derived from 'auctor', meaning 'one who increases or promotes'โ
Old French
Old French
aucion
โa public sale, a bidding processโ
Middle English
Middle English
auctioun
โthe act of selling by bids, a public saleโ
Modern English
English
auction
โa competitive public sale where goods are sold to the highest bidderโ
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