Given two matroids $\mathcal{M}_1$ and $\mathcal{M}_2$ over the same $n$-element ground set, the matroid intersection problem is to find a largest common independent set, whose size we denote by $r$. We present a simple and generic auction algorithm that reduces $(1-\varepsilon)$-approximate matroid intersection to roughly $1/\varepsilon^2$ rounds of the easier problem of finding a maximum-weight basis of a single matroid. Plugging in known primitives for this subproblem, we obtain both simpler and improved algorithms in two models of computation, including: * The first near-linear time/independence-query $(1-\varepsilon)$-approximation algorithm for matroid intersection. Our randomized algorithm uses $\tilde{O}(n/\varepsilon + r/\varepsilon^5)$ independence queries, improving upon the previous $\tilde{O}(n/\varepsilon + r\sqrt{r}/{\varepsilon^3})$ bound of Quanrud (2024). * The first sublinear exact parallel algorithms for weighted matroid intersection, using $O(n^{2/3})$ rounds of rank queries or $O(n^{5/6})$ rounds of independence queries. For the unweighted case, our results improve upon the previous $O(n^{3/4})$-round rank-query and $O(n^{7/8})$-round independence-query algorithms of Blikstad (2022).

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