Definition of auction verb from the Oxford Advanced American Dictionary

 

auction

 verb
verb
NAmE//ˈɔkʃn//
 
[usually passive]auction somethingVerb Forms present simple I / you / we / they auction
 
he / she / it auctions
 
past simple auctioned
 
-ing form auctioning
 
 
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to sell something at an auction The costumes from the movie are to be auctioned for charity. Phrasal Verbsauction somethingoff
See the Oxford Advanced Learner's Dictionary entry: auction