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The word 'auction' is a common noun, a general word for a public sale in which goods or property are sold to the highest bidder; a word for a thing.

A pronoun is a word that takes the place of a noun in a sentence.

The pronoun that takes the place of the noun 'auction' is it.

Example: The auction is on Saturday. It starts at ten.

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Q: Is auction a pronoun or a common noun?
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