Cryptic crossword clue
A male auction item?

The most common and most likely answer to this crossword clue is the 5 letter word HELOT

I've seen this crossword clue in The Times
H
E
L
O
T


Buddy explains!

The straight part
We know that "A male auction item?" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case a male auction item? = helot.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does HELOT mean?

HELOT noun
  1. A member of the ancient Spartan class of serfs.
  2. A serf; a slave.

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