Also means
to sell at auction
Usage Note
Subastar means to sell something by public auction (subasta). It is a regular -ar verb. The person who conducts the auction is the subastador. In legal and financial contexts you will often see sacar a subasta as an equivalent phrase for putting property up for auction.
Examples
"Van a subastar las joyas esta tarde."
Natural Translation
They are going to auction the jewels this afternoon.

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