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Discover Ludwig'auction' is correct and usable in written English.
You can use it when referring to the process of offering goods or services for sale to the highest bidder or to a process of bidding for something. Example sentence: I went to an auction last night and ended up purchasing a vintage vase.
Dictionary
auction
noun
A public event where goods or property are sold to the highest bidder.
Exact(60)
Separately Vodafone is seeking revisions of auction rules - basically they are objecting to the reserve price being too high and that some of the spectrum being auctioned is already being used by them.
Flags from 72 nations (including Dominica with its green and purple parrot) are on sale at the auction.
North said: "The beauty of the show is that there are five auctions and four beats per auction – the container getting opened up, the auction, the winner looking inside the unit and whether they have made money or lost money.
The revelations about the Tory auction at Grosvenor House, published on Buzzfeed, are amusing but probably not very surprising.
While winning an Olympic medal may take blood, tears and years of training, buying one at auction won't make you break out into a sweat.
That's actually lower than the last auction of this type, according to Bloomberg.
In the meantime, here's more analyst comment, this time from Investec's Brian Barry: The auction will be a litmus test as to demand for their paper given the impending election... if there's a marked increase (in yields) then we'll know investors are getting a bit more worried.
The Dutch must also test the support of the financial markets this morning, with an auction of up to €2.5bn of debt (in two year and 25-year bonds).
Investors demanded much higher rates of return at today's Spanish auction, even though the debt on offer would mature in just three or six months.
9.23am: Steve Collins, global head of dealing at London & Capital Asset Management, confirms that investors flocked to this morning's Dutch debt auction (details at 9.13am).
9.07am: While waiting for the Dutch debt auction results, there's an entertaining column in the Financial Times today by Kenneth Rogoff, Harvard University's professor of economics, in which he compares the eurozone to a young couple who set up with a joint bank account before getting married.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com