Meaning of the word auction in English

What does auction mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

auction

US /ˈɑːk.ʃən/
UK /ˈɑːk.ʃən/
"auction" picture

Noun

1.

a public sale in which goods or property are sold to the highest bidder

Example:
The painting was sold at auction for a record price.
They attended a charity auction to raise funds.

Verb

1.

to sell (goods or property) at an auction

Example:
They decided to auction off their antique furniture.
The rare book will be auctioned next month.
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