What does the cryptic crossword clue "Auctioned off the means to acquire knowledge (9)" mean?

This cryptic clue uses wordplay to arrive at the answer. Visit the page for progressive hints — definition, wordplay type, and a full step-by-step explanation.

Auctioned off the means to acquire knowledge (9)

Independent Cryptic #1718 | 15 Down | 2023-01-29 flower

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