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Từ điển Oxford Advanced Learner 8th
auction
auc·tion [auction auctions auctioned auctioning] noun, verb BrE [ˈɔːkʃn] BrE [ˈɒkʃn] NAmE [ˈɔːkʃn]
noun countable, uncountable
a public event at which things are sold to the person who offers the most money for them
•an auction of paintings
•The house is up for auction (= will be sold at an ↑auction ).
•A classic Rolls-Royce fetched (= was sold for) £25 000 at auction.
•an Internet auction site
Word Origin:
late 16th cent.: from Latin auctio(n-) ‘increase, auction’, from the verb augere ‘to increase’.
Example Bank:
•I try to buy furniture at auctions because it is cheaper that way.
•In a reverse auction, the price is driven steadily down.
•My father will be conducting the auction tomorrow.
•The estate is holding an auction to raise money.
•The goods were put up for sale by auction.
•The horse will be put up for public auction.
•The house was sold at auction for half a million pounds.
•The paintings will come up for auction next month.
•a bargain that she had picked up at auction
•a jumble sale by auction
Derived: ↑auction something off
verb usually passive ~ sth
to sell sth at an ↑auction
•The costumes from the movie are to be auctioned for charity.
Verb forms: 
Word Origin:
late 16th cent.: from Latin auctio(n-) ‘increase, auction’, from the verb augere ‘to increase’.
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