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 this word we’re tackling – it’s quite a book! “Auctions,” you see, is what we'll explore, Let’s break it down now, wanting knowledge to pour. The dictionary gave us a helpful clue, "A public event, shiny and new!" It tells us there's something being sold with glee, To the person who offers the highest decree! Think of it like this, a charming display, Of items for sale in a spirited way. People gather, bidding high and bold, Until one bidder’s story is fully told. The highest bidder – that's the key you see, They pay their price for what they want to decree! It's about competition, a playful chase, To own something special with wonderful grace. So “auctions” means a sale, bright and grand, Where buyers compete across the land! Do you have any questions, little learners dear? Let’s discuss it clear!