Senses
拍卖/ 拍賣 auction
To sell something to the highest bidder through a public bidding process; can also refer to the auction event itself.
拍卖/ 拍賣 to have a sale
To sell goods at a reduced price or a discount, often to clear inventory.
拍卖/ 拍賣 judicial auction
The sale of seized property or assets by a court through public bidding to settle outstanding debts