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.