auction
PROCESS OF BUYING AND SELLING GOODS OR SERVICES BY OFFERING THEM UP FOR BID, TAKING BIDS, AND THEN SELLING THE ITEM TO THE HIGHEST BIDDER
Auctioneer; Dutch 20auction; Auctions; Silent auction; Auctioneers; Auction house; Highest bidder; Auction houses; Mystery auction; Prominent auction; General merchandise auction; General Merchandise Auction; Suggested Opening Bid; Sealed-bid auction; Auctioneering; Auction date; Auction Date; Sealed bid; Sealed-bid auctions; Auction process; Auction ring; Auction block; Silent auctions; White glove sale; Rafter bidding; Chinese auction; Amsterdam auction; Anglo-Dutch auction; Simultaneous ascending auction; Simultaneous Ascending Auction; Best/not best auction; Rank auction; Traffic-light auction; Suggested opening bid; Auction House
(auctions, auctioning, auctioned)
Frequency: The word is one of the 3000 most common words in English.
1.
An auction is a public sale where goods are sold to the person who offers the highest price.
Lord Salisbury bought the picture at auction in London some years ago...
N-VAR: oft for/at N, N n
2.
If something is auctioned, it is sold in an auction.
VERB