Definition, Meaning & Synonyms
auction
Noun
/ˈɔːkʃən/
Definition
A public sale where items are sold to the highest bidder.
Examples
- The painting was sold at an auction for a record price.
- We will have an auction next Saturday to raise funds for charity.
- Many rare items can be found at online auctions.
Meaning
An event or process in which goods or property are sold to the person who offers the most money for them.
Synonyms
- Sale
- Bid
- Offering
