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auction

/ˈɔkʃən/ noun B2
  1. A public event where goods or property are sold to the highest bidder.
  2. The first stage of a deal, in which players bid to determine the final contract.

Plural auctions

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From the library

In his trunk were found the invaluable Bruce-Partington plans, which he had put up for auction in all the naval centres of Europe.
Sherlock Holmes: The Bruce-Partington Plans, p. 40 · B2

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Words, meanings, pronunciations and translations from Wiktionary (CC BY-SA 4.0); how common each word is from wordfreq. Made into this dictionary by FluentPlex.