auction Definition
a public sale in which goods or property are sold to the highest bidder.
Using auction: Examples
Take a moment to familiarize yourself with how "auction" can be used in various situations through the following examples!
Example
The painting was sold at an auction for millions of dollars.
Example
They held an auction to sell off the old furniture.
Example
The house was put up for auction by the bank.
auction Synonyms and Antonyms
Phrases with auction
Example
The auction block was a symbol of the inhumanity of slavery.
Example
Christie's and Sotheby's are two of the most famous auction houses in the world.
an auction in which bids are written down and kept secret until the end of the auction
Example
The school held a silent auction to raise money for new computers.
Origins of auction
from Latin 'auctio', meaning 'an increase'
Summary: auction in Brief
An 'auction' [ˈɔːkʃən] is a public sale in which goods or property are sold to the highest bidder. It is often used to sell valuable items such as art, antiques, and real estate. Phrases like 'auction block' and 'auction house' refer to specific aspects of the auction process, while 'silent auction' is a type of auction where bids are kept secret until the end. 'Auction' is synonymous with 'sale' and 'sell-off.'
