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Definitions

auction

[awk-shuhn] / ˈɔk ʃən /
NOUN
competitive sale; sale by bid
Synonyms


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The concept of the “winner’s curse,” the authors report, originated with Atlantic Richfield Co., an oil company that sometimes bid in government auctions for the right to drill in various places.

From The Wall Street Journal

Producers raise calves on pastures until they are old enough to be sold at auction to a feedlot.

From The Wall Street Journal

Paramount goes hostile, refusing to accept defeat in the Warner Bros. auction.

From Los Angeles Times

Three Pakistani firms competed in the auction carried live by state broadcasters, with representatives placing their offers in a clear box during several rounds of bidding.

From Barron's

At a charity ball earlier this year tied to the Cannes film festival, Durov paid 400,000 euros in an auction to win Vavilova a walk-on role in a Spike Lee movie.

From The Wall Street Journal