ˈɔ:kʃən n. & v. --n. a
sale of goods, usu. in
public, in
which articles are
sold to
the highest bidder. --v.tr.
sell by auction. øauction bridge 1 a
form of bridge in which players
bid for the
right to
name trumps. 2 the
sequence of bids
made at bridge.
Dutch auction a sale, usu. public, of goods in which the
price is reduced by the
auctioneer until a
buyer is found. [L auctio
increase, auction f. augere auctincrease]