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  2. Buyer's premium - Wikipedia

    en.wikipedia.org/wiki/Buyer's_premium

    In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer's premium. It is charged by the auctioneer in addition to the commission which has always ...

  3. No-reserve auction - Wikipedia

    en.wikipedia.org/wiki/No-reserve_auction

    A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [1] [2]From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. [1]

  4. Bid on the City - Wikipedia

    en.wikipedia.org/wiki/Bid_on_the_City

    The site was launched in May 2009 with Manhattan properties for sale, and was described by CNBC as eBay for Manhattan real estate. On May 25, the first live online auction for Manhattan real estate was held . In March 2010, Bid on the City offered seasonal rental in the Hamptons, New York using "Dutch" auctions also known as reverse auction.

  5. Auction - Wikipedia

    en.wikipedia.org/wiki/Auction

    An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described in the section about different types. The branch of economic theory dealing with ...

  6. Realtor.com - Wikipedia

    en.wikipedia.org/wiki/Realtor.com

    Realtor.com. Realtor.com is a real estate listings website operated by the News Corp subsidiary Move, Inc. and based in Santa Clara, California. It is the second most visited real estate listings website in the United States as of 2021, with over 100 million monthly active users. The site launched as the Realtor Information Network in 1995 ...

  7. Online auction - Wikipedia

    en.wikipedia.org/wiki/Online_auction

    Ebidding. Private electronic market. Software. v. t. e. 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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