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English definition of “auction”

auction

noun [C, U]     /ˈɔːkʃən/
a sale in which things are sold to the person who offers the most moneyShops, markets and auctionsRestaurants and cafesBuildings in general
auction ( also auction off) verb [T] to sell something at an auctionShops, markets and auctionsRestaurants and cafesBuildings in general
(Definition of auction noun from the Cambridge Learner's Dictionary © Cambridge University Press)

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