Auction
volume
British pronunciation/ˈɔːkʃən/
American pronunciation/ˈɑkʃən/, /ˈɔkʃən/

Definition & Meaning of "auction"

Auction
01

a public sale in which goods or properties are sold to the person who bids higher

02

(bridge) the process by which players bid on the right to name the trump suit and the number of tricks they expect to take in a particular hand

to auction
01

to sell goods or services by putting them up for bidding, allowing potential buyers to offer prices in a competitive process

example
Example
examples
The renowned artist's paintings commanded high prices at auction due to their quality and uniqueness.
The antique vase fetched a high price at the auction due to its rarity and historical significance.
The art collector spent millions on a rare painting at the auction.
During the bridge game, the dealer opens the auction by making the initial bid.
The antique vase was sold for a pretty penny at the auction.
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