Definition: A public event where goods or property are sold to the highest bidder.
Alright class, settle down and let’s take a look,
At ‘auction,’ a word that needs a little hook!
The dictionary’s right, it’s quite clear and true,
“A public event where goods or property accrue.”
Let's break it down in a rhythmic way, you see,
It’s like a lively contest, just for you and me!
Think of a farmer, selling his prize-winning sheep,
Each person bids, their offers run so deep.
The highest price offered, that’s the winning plea,
And takes the item home, happily and free!
It's not about begging, or pleading with a sigh,
But offering money – reaching for the sky!
So an auction is selling, in a public show,
To the person willing to bid, and let their dollars flow.
Do you understand now? Any questions bright?