auction
/ˈɔːkʃən/ noun [C or U] COMMERCE, E-COMMERCEDefinition
› 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)
Browse the Dictionary
Browse the Thesaurus
More Results for “auction”
Word of the Day
a cloud on the horizon
something which threatens to cause problems or unhappiness in the future
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
