A public sale where goods or property are sold to the highest bidder.

A business establishment or firm specializing in the sale of goods by auction.

auctioneer; auction house

A large-scale sale or clearance event, often for end-of-season or stock clearance

the sale of land usage rights through a bidding process

a type of auction where the price starts high and is lowered until someone buys, also known as a descending-price auction