(1) - Auction (v. t.) To sell by auction. (2) - Auction (n.) The things sold by auction or put up to auction. (3) - Auction (n.) A public sale of property to the highest bidder, esp. by a person licensed and authorized for the purpose; a vendue.
(1) - Auctioneer (v. t.) To sell by auction; to auction. (2) - Auctioneer (n.) A person who sells by auction; a person whose business it is to dispose of goods or lands by public sale to the highest or best bidder.