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2. Proxy bid - Wikipedia

   en.wikipedia.org/wiki/Proxy_bid

   Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.

3. Ray Lambrecht - Wikipedia

   en.wikipedia.org/wiki/Ray_Lambrecht

   The no-reserve auction was televised on the History Channel and it drew 25,000 people to Pierce for the two-day event. Bidders from around the world were also able to participate on the auction site Proxibid. [ 1 ]

4. Liquidity Services - Wikipedia

   en.wikipedia.org/wiki/Liquidity_Services

   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 ...

5. Generalized second-price auction - Wikipedia

   en.wikipedia.org/wiki/Generalized_second-price...

   The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by the second-highest bidder, the second-highest pays the price bid by the third-highest, and so on.

6. List of most expensive cars sold at auction - Wikipedia

   en.wikipedia.org/wiki/List_of_most_expensive...

   It handily outstripped the previous record-setting $48.4-million sale of a 1962 Ferrari 250 GTO at a 2018 auction to become the most expensive car ever sold at auction. Both of these high-dollar sales were brokered by RM Sotheby's.

7. Auction sniping - Wikipedia

   en.wikipedia.org/wiki/Auction_sniping

   Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.