🇨🇳Chinese Source WordCode: ZH

公开拍卖

Pronunciation / Transliteration: gōngkāi pāimài

🇬🇧 Direct English Meaning:
Public sale/ˈpʌb.lɪk seɪl/
nounCEFR B2 (Upper)Top #8500 frequency
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🇨🇳 Example Sentence in Chinese:

"这件艺术品将在下周进行公开拍卖。"

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    An auction or sale of property or goods open to the general public, often conducted by a public official or licensed auctioneer.

    "The historic property was put up for public sale to satisfy the outstanding debts."
  2. 2

    In cryptocurrency and finance, the phase of a token or stock offering where assets are made available for purchase by the general public.

    "Investors eagerly awaited the start of the public sale following the private funding round."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from Middle English 'publicen' (from Latin 'publicus', belonging to the people) and Old English 'sylan' (to give, offer). The combined legal and commercial term emerged in early modern England to designate auctions or open market transactions accessible to the general public.

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