auction

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♦ auc|tion /'ɔːkʃən/ (auctions auctioning auctioned)
1 [N-VAR] oft for/at N, N n
An auction is a public sale where goods are sold to the person who offers the highest price.
Lord Salisbury bought the picture at auction in London some years ago...
2 [VERB]
If something is auctioned, it is sold in an auction.auction off
[PHRASAL VERB] V P n (not pron), V n P
If you auction off something, you sell it to the person who offers the most money for it, often at an auction.
Her dresses will be auctioned off for charity...
They take drug dealers' boats, cars and houses and auction them off after the crooks are convicted.

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