auction

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auc·tion / ˈôkshən/ • n. a public sale in which goods or property are sold to the highest bidder. ∎  the action or process of selling something in this way: the Ferrari sold at auction for $10 million. ∎  Bridge the part of the play in which players bid to decide the contract in which the hand shall be played.• v. [tr.] (often be auctioned) sell or offer for sale at an auction: his collection of vintage cars is to be auctioned off tomorrow.PHRASES: on the auction blocksee on the block at block.

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