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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.
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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 ...
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The company was first established by Tom and Rhonda Peed as Peed Corp. [6] [7] in 1978 in Webster City, Iowa. In 1985, the headquarters were relocated to a 68-acre (280,000 m 2) campus in the Highlands neighborhood of Lincoln, Nebraska, where it remains. In June 2000, Sandhills added a data center in Scottsdale, Arizona.
The United States District Court for the Northern District of Iowa (in case citations, N.D. Iowa) has jurisdiction over fifty-two of Iowa's ninety-nine counties. It is subject to the Eighth Circuit Court of Appeals (except for patent claims and claims against the U.S. government under the Tucker Act, which are appealed to the Federal Circuit).
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