auction

/'ɔ:kʃn/
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auction

A woman raises her paddle to bid on a painting at an art auction.

Definition

  1. Noun:

    • A public sale in which goods or property are sold to the highest bidder: An auction is a method of selling where items are offered for sale, and buyers compete by offering increasing amounts of money. The item is sold to the person who makes the highest bid.
    • (In card games, specifically bridge) A variety of bridge: This is a historical or specialized usage referring to a version of the card game bridge where the bidding process is central. This form is now largely replaced by contract bridge.

  2. Verb:

    • To sell something at an auction: The act of offering an item for sale through the auction process.
Usage Examples

  • Noun:

    • The rare painting was sold at a famous auction house for a record price.
    • They decided to sell their grandmother's estate by auction.
    • (Card game context) He preferred the strategy of auction to other bridge variants.

  • Verb:

    • The bank will auction the repossessed cars next week.
    • We need to auction these old items to clear out the storage room.
Advanced Usage
  • "To go to auction": To be sold at an auction.
    • The historic manuscript will go to auction next month.
  • "To put something up for auction": To offer something for sale at an auction.
    • The family put the vintage jewelry up for auction.
  • "Auction off": To sell by auction, often implying a complete or rapid sale.
    • The company auctioned off its remaining assets.
Variants and Related Words
  • Auctioneer (n): The person who conducts an auction by accepting bids and declaring the item sold.
    • The auctioneer moved quickly through the items.
  • Auctionable (adj): Suitable or able to be sold at an auction.
    • The authenticity certificate made the artifact auctionable.
Synonyms
  • Sale (n): A general term for the exchange of goods for money.
  • Bidding (n): The act of offering a price, especially in an auction.
  • Vendue (n): An archaic term for a public auction.
Related Phrasal Verbs
  • Auction off: To sell something at an auction. (This is the primary and most common phrasal verb form of the verb "auction").
    • They decided to auction off the entire collection.
Related Idioms
  • "Sold to the highest bidder": A phrase commonly declared by an auctioneer to finalize a sale, meaning the item goes to the person who offered the most money. It can also be used metaphorically.
    • After a fierce bidding war, the statue was sold to the highest bidder.
    • (Metaphorical) In politics, some fear policies are sold to the highest bidder.
auction

A woman raises her paddle to bid on a painting at an art auction.

Noun
  1. the public sale of something to the highest bidder
  2. a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge
Verb
  1. sell at an auction

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