Auction

awk′shun, n. a public sale in which the bidder offers an increase on the price offered by another, and the articles go to him who bids highest.— v.t. to sell by auction.— adj. Auc′tionary .— n. Auctioneer′ , one who is licensed to sell by auction.— v.t. to sell by auction.— Dutch auction , a kind of mock auction at which the salesman starts at a high price, and comes down till he meets a bidder. [L. auction - em , an increasing— augēre , auctum , to increase.]