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This name would be well suited to a transport or e-commerce organisation.
The word "AuctionState" contains 12 letters and three syllables. Examples of popular three syllable names include KFC, Vodafone and McDonald's.
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 valuable top-level-domain in the world, famously used by websites like youtube.com. Owning a dot com says that you own the word "AuctionState" online.
One suggestion for how this name could sound when used.