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This name would be well suited to a transport or e-commerce organisation.
AuctionState has 12 characters and three syllables. Established brands using three syllable names include Santander, Adobe and Grammarly.
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 sought after 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.