Public auctions are a type of sale in which goods or services are sold to the highest bidder. They are typically conducted by a professional auctioneer and are open to the public. The term 'public auction' is often used to refer to SALES of real estate, vehicles, and other items of value. In these cases, the seller sets a minimum price and the highest bidder wins the item. SALES of this type are often used to liquidate assets or to raise funds for charities. The term 'SALES' is a five-letter word that can be used to describe public auctions.