Green’s Dictionary of Slang

1. bankrupt.

1853		Dickens ‘Slang’ in Household Words 24 Sept. 75/2: To say that a man is without money, or in poverty, some persons remark that he is down on his luck, hard up, stumped up, in Queer Street, under a cloud, up a tree, quisby, done up, sold up, in a fix.
1864, 1867, 1870		Hotten Sl. Dict. 240: sold up, or out broken down, bankrupt.
1873		Sl. Dict.

2. defeated, beaten.

1859, 1860		Hotten Dict. of Modern Sl. etc.
1873		Sl. Dict.
1933		R. Chandler ‘Blackmailers Don’t Shoot’ in Red Wind (1946) 91: You’re sold out.
1939		V. Davis Gentlemen of the Broad Arrows 101: We’re sold out, Bill [...] Beaten on the post.