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This name would be well suited to a transport or e-commerce organisation.
The name "AuctionState" has 12 characters and three syllables. Leading companies using three syllable names include Sainsbury's, Armani and KFC.
Auctionstate.com is a dot-com domain. Dot com domains are the most desirable domain extension in the world, famously used by websites like facebook.com. Once secured, a dot-com all but guarantees no-one else can outrank you for your own name in the long run.