Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “auction”

auction

noun [C or U]
 
 
/ˈɔːkʃən/ COMMERCE, E-COMMERCE
a 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
(Definition of auction noun from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of auction?
Add Cambridge dictionaries to your browser to your website

Definitions of “auction” in other dictionaries

Word of the Day

from the word go

from the start of something

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More