Lewis Short
lĭcĭtātĭo (noun F) : licitor
* An offering of a price, a bidding for any thing, at sales and auctions: exquisitis palam pretiis et licitationibus factis,Cic. Verr. 2, 2, 53, § 133; id. Att. 11, 15, 4: praedam ad licitationem dividere,to the highest bidders,Suet. Ner. 26: licitatione maxima comparare aliquid,id. Calig. 22: ad licitationem rem deducere,Dig. 10, 2, 6: licitatione vincere,to bid highest,ib. 10, 2, 6: penes quem licitatio remansit,to whom it was knocked down,ib. 10, 3, 19: cum contentio fructus licitationis est,Gai. Inst. 4, 244.
Charlton T. Lewis, Charles Short, A Latin Dictionary