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This name would be well suited to a transport or e-commerce organisation.
AuctionState has 12 letters and three syllables. Leading companies using three syllable names include Nescafé, Heineken and Adobe.
This domain was first registered in January 2013. Older domains have an advantage when ranking in search engines.
Auctionstate.com is a dot-com domain. Dot com domains are the most desirable top-level-domain in the world, famously used by websites like google.com. When most people think of a website, they think of a dot-com.
One suggestion for how this name could sound when used.