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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.
Liquidity Services’ online marketplaces include: Liquidation.com, [22] Secondipity.com, [4] GovLiquidation.com, [23] Allsurplus.com, GovDeals.com, [2] Bid4Assets, and Sierraauction.com. [3] They offer over 500 product categories [24] organized into categories across 12 major industry verticals: government, energy, construction and mining, transportation, industrial manufacturing ...
The brothers began conducting auctions more regularly and in 1958 incorporated Ritchie Bros. Auction Galleries Ltd. to formalize their new business. [4]: 17 Ritchie Bros. began selling used equipment in the 1960s. In 1963 Dave Ritchie moved to Vancouver, B.C. and rented an auction site on S.E. Marine Drive. He set up the company's first ...
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Copart sells used, wholesale and repairable vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses around the world. Copart provides vehicle sellers with a range of services to process and sell repairable and clean title vehicles over the internet, using its patented virtual auction technology ...
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Second-hand goods – For the sale of consumer second-hand goods of all kinds, particularly farm (equipment) and house clearances and online auctions. Sale of industrial machinery, both surplus or through insolvency. Thoroughbred horses, where yearling horses and other bloodstock are auctioned. [116]