Auction

Etymology
From augere:.

Noun

 * 1) A public event where goods or property are sold to the highest bidder.

Synonyms

 * roup sale

Derived terms

 * auctionable
 * auctionlike
 * Dutch auction
 * Vickrey auction

Verb

 * 1) To sell at an auction.

Derived terms

 * auctioneer
 * auction off