What does the word auction mean?

Usage examples for auction

  1. I thought the auction turned out well for you, but I never heard for certain, and maybe you haven't got the money for the boat. – Hyacinth 1906 by George A. Birmingham
  2. " George," said Kate, speaking before she quite got up to them, " will you tell me whether you have been preparing all your things for an open sale by auction?" – Can You Forgive Her? by Anthony Trollope