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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.
Home shopping is the electronic retailing and home shopping channels industry, which includes such billion dollar television-based and e-commerce companies as Shop LC, HSN, Gemporia, TJC, QVC, eBay, ShopHQ, Rakuten.com and Amazon.com, as well as traditional mail order and brick and mortar retailers as Hammacher Schlemmer and Sears.
In 2022, the company managed the sale of the penthouse above Tiffany & Co.’s store in Palm Beach, Florida, through an online auction. [36] The company also listed The One for sale at $295 million; [37] it sold at auction for $126 million, plus a 12-percent commission to Concierge Auctions. [38]
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