auction

noun
UK: /ˈɔːkʃən/
US: /ˈɑːkʃən/

  1. A public sale where things are sold to the person who offers the most money.

    1. We bought the table at an auction. [ ] [ ]
    2. The painting was sold at auction for a very high price, breaking all records. [ ] [ ]

  2. The process of buying or selling things in a public sale.

    1. The house is going to auction next week. [ ] [ ]
    2. They decided that an auction was the fairest way to sell off the company's assets. [ ] [ ]

Synonyms

bazaar sale vendue
auction verb

  1. To sell something in a public sale where people offer increasing amounts of money.

    1. They will auction the furniture. [ ] [ ]
    2. The company decided to auction off its old equipment to raise funds. [ ] [ ]
auction adjective

  1. Relating to or arranged by means of an auction.

    1. The auction price was higher than expected. [ ] [ ]
    2. Bidders gathered, eager to secure the valuable antique at the auction sale. [ ] [ ]

Frequently Asked Questions

The word "auction" in English means: A public sale where things are sold to the person who offers the most money., The process of buying or selling things in a public sale..

The phonetic transcription of "auction" is /ˈɔːkʃən/ in British English and /ˈɑːkʃən/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "auction": bazaar, sale, vendue.

Example usage of "auction": "We bought the table at an auction.". More examples on the page.