auction

noun B2

Meaning

An auction is a public sale in which goods or property are sold to the highest bidder.
💡 A common mistake is to confuse "auction" with "sale," as an auction involves competitive bidding rather than a fixed price.

Example Sentences

The painting was sold at the auction for a high price .
We went to the auction to bid on some old furniture .
When will the auction for the old paintings start ?

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