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auction

noun/ˈɔːkʃn/ (AWK-shuhn)Level B2
auction meaning picture: An auctioneer with a wooden hammer at a podium as people in a hall raise numbered paddles to bid
Picture meaning of “auction” — A public sale where each item goes to the person who offers the most money.

A public sale where each item goes to the person who offers the most money.

At an auction, buyers call out higher and higher prices (bids). The highest bidder wins the item.

auction meaning in Hindi

नीलामी: सार्वजनिक बिक्री जिसमें हर चीज़ सबसे ज़्यादा पैसे देने वाले को मिलती है।

नीलामी में ख़रीदार लगातार ऊँची क़ीमतें (बोली) लगाते हैं। सबसे ऊँची बोली लगाने वाला वह चीज़ जीतता है।

Examples

  1. My uncle bought an old wooden almirah at an auction for just two thousand rupees.मेरे चाचा ने नीलामी में एक पुरानी लकड़ी की अलमारी सिर्फ़ दो हज़ार रुपये में ख़रीदी।
  2. The government will hold an auction of spectrum for 5G services next year.सरकार अगले साल 5G सेवाओं के लिए स्पेक्ट्रम की नीलामी करेगी।

Synonyms & antonyms

salebidding

Memory trick

At an AUCTION, prices go UP with every call: 'Going once, going twice, sold!'

💡 Did you know?

Every year, IPL cricket teams buy players at a televised auction, where top stars can earn crores.

Word origin

From Latin auctio 'an increase', from augere 'to increase', because the price keeps rising.

Other meanings

noun A public sale where goods go to the person who offers the highest price.

auction meaning in other languages

Hindi · हिन्दीनीलामी: सार्वजनिक बिक्री जिसमें हर चीज़ सबसे ज़्यादा पैसे देने वाले को मिलती है।
Arabic · العربيةمزاد: بيع علني تذهب فيه كل قطعة لمن يعرض أعلى سعر.
French · FrançaisVente aux enchères : vente publique où chaque objet va à celui qui offre le plus.
Indonesian · Bahasa IndonesiaLelang: penjualan umum di mana barang jatuh ke penawar harga tertinggi.
Chinese · 中文拍卖:公开出售,每件物品卖给出价最高的人。

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