Meaning of the word auctions in English

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

auctions

US /ˈɔːk.ʃənz/
UK /ˈɔːk.ʃənz/

Plural Noun

public sales at which property or items are sold to the highest bidder

Example:
Many valuable artworks are sold at specialized auctions.
The estate held several auctions to sell off its contents.

Verb

sells (something) at an auction

Example:
The company auctions off surplus equipment every quarter.
He auctions rare books and manuscripts.