auction

verb1 of 2

To sell to a person offering the highest price

• “To participate in the auction, you have to have credits.”Tatoeba
• “This painting should bring a lot of money at auction.”Tatoeba

Sentences from Tatoeba show real usage. A word can have several meanings, so a sentence may use another one.

noun2 of 2

A public event where goods or property are sold to the highest bidder.