auctionnoun [C or U]uk /ˈɔːk.ʃən/ us /ˈɑːk.ʃən/
- Two senior officials have been entrusted with organizing the auction.
- Amongst other pop ephemera, the auction will be selling off rock stars' stage clothes.
- A rare Stradivarius violin failed to reach its reserve price when put up for auction on Tuesday.
- In an auction, goods or property are sold to the highest bidder.
- She bought the bed for a song at an auction.