👉 Auctioning is a type of business or trade where items are sold at a determined price and an auctioneer, often a professional auctioneer, makes decisions on who will bid on the items. The purpose of auctions is to raise funds for a charity, organization, or other cause by selling items that have been donated or bought for a certain amount. Auctions can be held in person or online, and they typically involve multiple bidders bidding on a wide range of items.