Meaning of the word auctioning in English

What does auctioning mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

auctioning

US /ˈɔːk.ʃə.nɪŋ/
UK /ˈɔːk.ʃən.ɪŋ/

Verb

the act of selling something at an auction

Example:
•
The rare painting is currently being auctioned off at Sotheby's.
•
They are auctioning off the entire estate next month.

Noun

the process of selling goods or property at an auction

Example:
•
The auctioning of the rare stamps attracted collectors from around the world.
•
The company specializes in the auctioning of antique furniture.