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auction

 
   
the selling of rights in a book where publishers offer bids, and the book is sold to the person who makes the highest offer The rights manager has announced that there will be an auction for the film rights.

â–  verb to sell something at an auction The paperback rights were auctioned for

$500,000. The copy of the Gutenberg Bible was auctioned for more than $10 million.

 

 

 

 
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