The phrase "auction prices" refers to the amounts of money that buyers are willing to pay for goods or services in an auction. It indicates the value or worth placed on the items by potential buyers during the bidding process. Full definition
His works sold for substantial sums of money, including at least one world record auction price for a work by a living artist. (californianewswire.com)
Its opulent gold sheen and decadent pattern play into perceptions of art world excess and the ever - increasing threshold of record auction prices. (mnuchingallery.com)
That's a new record for the highest auction price ever for an American - made car. (automobilemag.com)