This is the 870th most frequent Dutch word.
verkocht
"Sold"
Here, 'verkocht' is used in the past perfect tense to indicate that the bike has already been sold.
Ik heb mijn fiets verkocht.
I sold my bike.
'Verkocht' is used in the past tense to describe the action of selling the painting in the passive voice.
Het schilderij werd op een veiling verkocht.
The painting was sold at an auction.
In this sentence, 'verkocht' describes the state of the house already being sold, illustrating a completed action influencing the mentioned time.