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An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1 ] [ 2 ] [ 3 ] Similar to in-person auctions, online auctions come in a variety of types , with different bidding and selling rules.
The Mero site is a stratified, multicomponent prehistoric site located on the south side of Marshall's Point [1] on the Door Peninsula in Door County, Wisconsin.It was excavated in 1960 by Ronald and Carol Mason under the auspices of the Neville Public Museum in Green Bay, Wisconsin, with financial backing from the landowner, Peter Mero.
Instead of having traditional auctions with auctioneers where only people who attended could bid, PropertyRoom.com was created so that these goods could be auctioned online where people across the entire United States could place bids 24 hours a day, 7 days a week. For the clients using PropertyRoom.com's service, they handle the pickup of the ...
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However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...
Online auctions often use an equivalent version of Vickrey's second-price auction wherein bidders provide proxy bids for items. A proxy bid is an amount an individual values some item at. The online auction house will bid up the price of the item until the proxy bid for the winner is at the top.
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In 1918 several hundred acres of the woodland within the park was sold at an auction in Taunton. [14] Fyne Court was left to the National Trust by John Adams in 1967, and passed in to the Trust's ownership in 1972 once legal issues were resolved. [15] It was also used as the headquarters of the Somerset Wildlife Trust. [16]
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