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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.
Instead of conducting traditional live auctions where bidder turnout tended to be low, police departments are able to offer their merchandise to registered users. [5] With a much larger number of potential bidders, PropertyRoom.com auctions typically have a winning bid price higher than live traditional offline police auctions. [ 6 ]
Jay Westerdal (born 1978) is an American domainer and entrepreneur, best known for his work creating DomainTools.com, a web service that looks up historical ownership of a website. The whois service was integrated into Google's onebox in May 2008. [ 1 ]
Bid4Assets has conducted tax sales via online auction for 50 of the 58 counties in California. The original Watergate lock [8] The Beastie Boys Grand Royal record label, [9] In July 2002, Bid4Assets conducted an internet-based tax sale for Washtenaw County, Michigan. This was Michigan's first-ever online tax-foreclosed property auction. [10]
Each of the bids increases the price of the item by a small amount, such as one penny (0.01 USD, 1¢, or 0.01 GBP, 1p; hence the name of the auction), and extends the time of the auction by a few seconds. Bid prices vary by site and quantity purchased at a time, but generally cost 10–150 times the price of the bidding increment.
Barnebys is a search engine for art, antiques, and collectibles from over 3,000 auction houses and galleries globally. They offer a free-to-use database of realized prices dating back to the beginning of the 1970s and have provided over forty million sold lots.