Item to be auctioned (3)
I believe the answer is:
lot
'item to be auctioned' is the definition.
(a lot is an item for sale at an auction)
This is all the clue.
(Other definitions for lot that I've seen before include "biblical refugee" , "Destiny - auction item(s)" , "His Biblical wife was turned to a pillar of salt" , "Fortune" , "Large amount; Abraham's nephew" .)