Definitions

1. noun

A public sale of goods or property by bidding, in which the highest bidder wins the item.

“The charity held a silent auction to raise funds for a new community center.”

2. verb

To offer something for sale to the highest bidder, especially in a public sale.

“The estate will auction off the antique furniture to pay off debts.”

3. verb

To engage in bidding or other competitive activity, especially in a game or contest.

“The fans began to auction off their seats on the secondary market.”