auction
noun [ C or U ]
COMMERCE, E-COMMERCE uk/ˈɔːkʃən/ usa public sale in which goods or property are sold to the person who offers the most money:
sell sth at auction The painting was sold at auction for €12 million.
hold an auction We held a charity auction in aid of the local hospital.
be up/come up/go up/be put up for auction One of the prints recently came up for auction in the United States.
an internet/online/public auction You can bid for it in an online auction.
See also
absolute auction
call auction
Dutch auction
open-cry auction
reverse auction
sealed-bid auction
uniform price auction
auction
verb [ T ]
COMMERCE, E-COMMERCE uk/ˈɔːkʃən/ us(also auction off)to sell something in a public auction:
The stamps will be auctioned tomorrow.
The family is auctioning off its art collection.