1.
auction; competitive bidding
A sale in which buyers compete by offering increasingly higher prices. Especially associated with early-morning fish and produce auctions at Japanese wholesale markets like Tsukiji and Toyosu. From the verb 競る (to compete, to bid).
Cultural note
Japan's wholesale fish market auctions are famous worldwide. The 初競り (first auction of the year) at Toyosu Market regularly makes international news when record prices are paid for premium tuna, a tradition symbolizing good fortune for the new year.
Common collocations
Related Words
Compare:
競売 (auction)