auction noun - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “auction”

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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
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 noun from the Cambridge Business English Dictionary © Cambridge University Press)
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