auction

In an auction, items are sold without price tags — whoever bids the highest gets to buy it, whether it’s a painting, a car, or a set of old dishes.

You can hold an auction, or auction something. You might have seen auction scenes in classy old movies where the characters bid on paintings by politely raising their hands as the auctioneer calls out a price. Auctions aren’t always high-fallutin’, though — many cities auction off cars they’ve confiscated from criminals.

Definitions of auction
  1. noun
    the public sale of something to the highest bidder
    synonyms: auction sale, vendue
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    type of:
    sale
    the general activity of selling
  2. verb
    sell at an auction
    synonyms: auction off, auctioneer
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    type of:
    sell
    exchange or deliver for money or its equivalent
  3. noun
    a variety of bridge in which tricks made in excess of the contract are scored toward game; now generally superseded by contract bridge
    synonyms: auction bridge
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    type of:
    bridge
    any of various card games based on whist for four players
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