The most common and most likely answer to this crossword clue is the 7 letter word AUCTION
I've seen this crossword clue in The Times
A
U
C
T
I
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N
More clues leading to the result AUCTION
- Movement round university where lots go
- Sort of bridge needing care: lower maximum speed a bit
- Warning to bring gold forward: there will be lots here
- Sale involving union leader in suit
- Sale of lots of uranium in operation
- Sell uniform seen in battle
- Here trade union breaking up conflict
- . Sales opportunity to the French heading for Calais – I will interrupt a great many
- Lots here at a knock-down price
- Warn Conservative to drop sell-off
Buddy explains!

The straight part
We know that "where lots go" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case where lots go = auction.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 AUCTION mean?
AUCTION noun- A public event where goods or property are sold to the highest bidder.
- The first stage of a deal, in which players bid to determine the final contract.
- To sell at an auction.