auction (n.)

1708, "one whose business is to offer goods or property for sale by auction," from auction (n.) + -eer. From 1733 as a verb, "to sell by auction." Related: Auctioneering.

Proto-Indo-European root meaning "to increase." It forms all or part of: auction; augment; augmentative; augur; August; august; Augustus; author; authoritarian; authorize; auxiliary; auxin; eke (v.); inaugurate; nickname; waist; wax (v.1) "grow bigger or greater."

It is the hypothetical source of/evidence for its existence is provided by: Sanskrit ojas- "strength," vaksayati "cause to grow;" Lithuanian augu, augti "to grow," aukštas "high, of superior rank;" Greek auxo "increase," auxein "to increase;" Gothic aukan "to grow, increase;" Latin augmentum "an increase, growth," augere "to increase, make big, enlarge, enrich;" Old English eacien "to increase," German wachsen, Gothic wahsjan "to grow, increase."