🇩🇪German Source WordCode: DE

öffentliche Versteigerung

Pronunciation / Transliteration: ˈœfəntْلɪçə fɛɐ̯ˈʃtaɪɡəʁʊŋ

🇬🇧 Direct English Meaning:
Public auction/ˈpʌb.lɪk ˈɔːk.ʃən/
nounCEFR B2 (Upper)Top #8500 frequency
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🇩🇪 Example Sentence in German:

"Das Kunstwerk wurde durch eine öffentliche Versteigerung verkauft."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A public sale of property to the highest bidder, conducted openly where members of the general public may attend and participate.

    "The historic building was sold to the highest bidder at a public auction."
  2. 2

    An organized judicial or governmental sale of seized, surplus, or foreclosed assets accessible to all qualified buyers.

    "The city held a public auction to dispose of abandoned vehicles."

Thesaurus & Semantic Spectrum

Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term combines 'public' derived from the Latin 'publicus' (pertaining to the people) and 'auction' from the Latin 'auctio' (an increasing), originating from 'augere' (to increase). Historically established in English legal and commercial contexts during the 17th century to describe open-outcry sales conducted for the general populace.

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