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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.
Catawiki is an online auction platform for buying and selling special items and collectibles. Catawiki was founded in 2008 as an online community for collectors. Since 2011, the company has been hosting weekly online auctions, in various categories such as vintage comic books, model trains, coins, watches, art, jewellery and classic cars.
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LAMA's October 3, 2008 Modern Art & Design Auction saw the highest sale total in its history, with $5.17 million in sales achieving 125% over the low estimate. In October 2019, LAMA introduced the LAMA app, holding their first online-only auction and welcoming web-based bidding on live auction lots.
Bonhams and Butterfield was a large American auction house, founded in 1865 by William Butterfield in San Francisco. It was purchased in 1999 from Bernard Osher by online auctioneer eBay for $260 million. [1] In 2002, it was acquired from eBay by British auctioneer Bonhams and operated under the name Bonhams & Butterfields for about ten years ...
California franchise owners and consumers are feeling the brunt of higher costs. ... In California, menu prices at fast food restaurants rose 10.12% between September and April, with the largest ...
William Vickrey was the first scholar to study second-price valuation auctions, but their use goes back in history, with some evidence suggesting that Goethe sold his manuscripts to a publisher using the second-price auction format. [11] Online auctions often use an equivalent version of Vickrey's second-price auction wherein bidders provide ...