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The meaning of SOLD is past tense and past participle of sell.

When a shop is sold out of something, there is no more of that thing left to buy in it:

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Define sold. sold synonyms, sold pronunciation, sold translation, English dictionary definition of sold. v. Past tense and past participle of sell. American Heritage® Dictionary of the English Language, Fifth …

The word sold comes from sell and its root meaning of "offer up or deliver." Offer up the highest bid on a painting at an auction and you'll hear the auctioneer call out, "Sold!"

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Sold is the past tense and past participle of sell. Collins COBUILD Advanced Learner’s Dictionary. Copyright © HarperCollins Publishers