拍卖 (pāi mài): to auction; auction sale; to sell at a reduced price

After Grandpa passed away, the family put his long-time stamp collection up for auction and finally sold it for a good price.

This famous painting will be auctioned at next week's auction, with a starting bid as high as five million dollars.

Because the company went bankrupt, the court decided to auction their factory buildings and equipment to pay off debts.

He auctioned his old mobile phone that he no longer used online, and unexpectedly attracted many people to bid.

A charity organization held an auction event, many celebrities donated items for everyone to auction, and all the money raised was donated to children in poverty.