auction Meaning, definition in Cambridge English Dictionary
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Meaning of "auction" - English Dictionary

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auctionnoun [C or U]

uk   /ˈɔːk.ʃən/  us   /ˈɑːk-/
C1 a usually public sale of goods or property, where people make higher and higher bids (= offers of money) for each thing, until the thing is sold to the person who will pay most: a furniture auction They're holding an auction of jewellery on Thursday. The painting will be sold at (UK also by) auction next week. The house and its contents are being put up for auction.
More examples

auctionverb [T]

uk   /ˈɔːk.ʃən/  us   /ˈɑːk-/
to sell something in a public auction: The stamps will be auctioned tomorrow. The family is auctioning (off) its art collection.
Translations of “auction”
in Arabic مَزاد عَلَني…
in Korean 경매…
in Malaysian jualan lelong…
in French (vente aux) enchères…
in Turkish açıkartırma, mezat…
in Italian asta…
in Chinese (Traditional) 拍賣…
in Russian аукцион…
in Polish licytacja, aukcja…
in Vietnamese cuộc bán đấu giá…
in Spanish subasta…
in Portuguese leilão…
in Thai การขายโดยการประมูล…
in German die Auktion…
in Catalan subhasta…
in Japanese 競売, オークション…
in Indonesian lelang…
in Chinese (Simplified) 拍卖…
(Definition of auction from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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