noun
auction market
A market where goods are sold by auction, typically for wholesale produce, fish, or flowers.
毎朝、漁港の競り市で新鮮な魚が競りにかけられる。
Every morning, fresh fish are auctioned at the fishing port's auction market.
花の競り市では、せり人が独特の掛け声で値段をつけていく。
At the flower auction market, the auctioneer sets prices with a distinctive chant.
Compound of 競り (せり, 'auction, bidding') and 市 (いち, 'market'). The kanji 糶 is a rare character meaning 'auction' and is used in some historical or specialized contexts.