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noun [countable/uncountable] auction pronunciation in British English /ˈɔːkʃ(ə)n/
Word Forms
  1. a public occasion when things are sold to the people who offer the most money for them
    at auction:

    They bought the paintings at auction in 1989.

    up for auction (=being sold at an auction):

    The house is now up for auction.

    1. a.
      [only before noun] connected with an auction or bought at an auction

      Internet auction sites


… a teaching method in which groups of children learn independently using a computer linked to the internet

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a derogatory word used for referring to people in the banking and investment industry who are thought of as taking serious risks in order to increase their own earnings …

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