Dictionary
auc•tion
Pronunciation: (ôk'shun), [key]—
n.
1. Also called public sale. a publicly held sale at which property or goods are sold to the highest bidder.
2. Cards.
a. See
auction bridge.
b. (in bridge or certain other games) the competitive bidding to fix a contract that a player or players undertake to fulfill.
—
v.t.
to sell by auction (often fol. by
off):
He auctioned off his furniture. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.