auction

word

/ˈɑkʃən/
AWK-shuhn
/ˈɔːkʃən/
AWK-shuhn

Definition

An auction is a public sale where things are sold to the person who offers the highest price. It can happen in person or online.

Usage & Nuances

Common verbs are 'hold an auction', 'bid at an auction', and 'win an auction'. 'Auction' is usually a noun, but as a verb it means to sell something this way: 'They auctioned the car.' Do not confuse it with 'bid', which is the offer you make.

Example Sentences

They went to an auction to buy old furniture.

basic

The auction got exciting when two people started competing for the same watch.

natural

The painting sold for $500 at the auction.

basic

She won the auction with the highest bid.

basic

I got this jacket at an online auction for almost nothing.

natural

They're auctioning off a signed guitar for charity tonight.

natural