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auction
An auction is a process of buying an selling goods or services by offering them up for bid, taking bids, and then selling the item to the winning bidder. In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.
Trivia about auction
A charity may hold a silent one of these to raise some money before the dinner
In 2009, at this type of sale, as 1957 Ferrari Testa Rossa went for a record $12.4 million
The bidding period of a card game; types of bridge & pinochle are named for it
I have $1,200 for knowing this term, also a type of bridge card game...$1,200 once! twice! sold!