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2. English auction - Wikipedia

   en.wikipedia.org/wiki/English_auction

   An English auction is an open-outcry ascending dynamic auction. It proceeds as follows. The auctioneer opens the auction by announcing a suggested opening bid, a starting price, or a reserve for the item on sale. Then the auctioneer accepts increasingly higher bids from the floor and sometimes from other sources, for example online or telephone ...

3. 10 of the Most Expensive Items Ever Sold on eBay

   www.aol.com/10-most-expensive-items-ever...

   1. Gigayacht. Sold for: $168 million Roman Abramovich, a Russian billionaire, must have been staring at an empty dock for a while now, because the 168 milly he shelled out for a 400-foot yacht is ...

4. Nautical cable - Wikipedia

   en.wikipedia.org/wiki/Nautical_cable

   The three ropes are so tightly wound counter to the weave of the constituent ropes that the fibers are compressed and the individual weaves stressed, sealing out the water and resulting in a length of about 180 metres (100 fathoms), the UK traditional definition of cable length. Using a cable, the raising of the anchor, or any activity ...

5. Online auction - Wikipedia

   en.wikipedia.org/wiki/Online_auction

   The largest consumer-to-consumer online auction site is eBay, which researchers suggest is popular because it is a convenient, efficient, and effective method for buying and selling goods. [ 6 ] Despite the benefits of online auctions, the anonymity of the internet, the large market, and the ease of access makes online auction fraud easier than ...

6. Auction - Wikipedia

   en.wikipedia.org/wiki/Auction

   Best/not best auctions are sealed-bid auctions with multiple bids, where the bidders submit their prices like in English auction and get responses about the leadership of their bid. [74] Rank auction is an extension of best/not best auction, where the bidders also see the rank of their bids. [ 75 ]

7. First-price sealed-bid auction - Wikipedia

   en.wikipedia.org/wiki/First-price_sealed-bid_auction

   A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2]: p2 [3]