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Definition of: auction

(ôk′shən) noun
1. A public sale of property in which the price offered for individual items is increased by bids, until the highest bidder becomes the purchaser.
2. The bidding in bridge.
3. Auction bridge (see under BRIDGE²).
—v.t. To sell by or at auction.
—to auction off To sell by or at auction. [<L auctio, -onis an increase, a public sale (with increasing bids) <augere increase]

Most often used phrases:

auction house
public auction
online auction
auction sites
charity auction
art auction
auction houses
auction site
ebay auction
christie s auction
sotheby s auction
silent auction
auction held
internet auction
auction catalogue

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Statistical data

"auction" has the frequency of use of 0.0012% on city-data.com forum

"auction" has the frequency of use of 0.001% on en.wikipedia.org.