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Webster's Unabridged Dictionary: Library in Itself

The dictionary's 1913 edition of the 1900 International, renamed Webster's Revised Unabridged Dictionary, has in modern times been used in various free online resources, as its copyright lapsed and it became public domain.
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Auction

Auction (auction)
n.((?))
Auc"tion
[L. auctio an increasing, a public sale, where the price was called out, and the article to be sold was adjudged to the last increaser of the price, or the highest bidder, fr. L. augere, auctum, to increase. See Augment.]
  1. A public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue.
  2. The things sold by auction or put up to auction.

    Ask you why Phryne the whole auction buys ?
    Pope.

    * In the United States, the more prevalent expression has been "sales at auction," that is, by an increase of bids (Lat. auctione). This latter form is preferable.

    Dutch auction, the public offer of property at a price beyond its value, then gradually lowering the price, till some one accepts it as purchaser. P. Cyc.

Auction

Auction (auction)
v. t.
Auc"tion
  1. To sell by auction.












Webster's Unabridged Dictionary: Library in Itself

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May 28, 2012
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