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The price had risen to $3,000 before eBay closed the auction. [8] [9] In May 2006, the remains of U.S. Fort Montgomery, a stone fortification in upstate New York built in 1844, were put up for auction on eBay. The first auction ended on June 5, 2006, with a winning bid of US$5,000,310.
However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...
Its debut revolutionized hunting knives, rapidly becoming one of the most popular knives ever made, [1] with some 15 million Model 110 knives produced since 1964. [ 7 ] [ 8 ] Before 1981, the specially heat treated stainless steel used was 440C , and from 1981 to 1992 the company used 425M steel.
Auctiva is an eBay auction management system. It was founded in 1998. One of the original members of the eBay Developer Council, Auctiva has provided sellers and merchants with tools designed to help increase their sales volume on eBay. Jeff Schlicht, who founded Auctiva, wrote a program to automate the task of placing listings on eBay.
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Puma (/ ˈ p j uː m ə / or / ˈ p uː m ə /) is a genus in the family Felidae whose only extant species is the cougar (also known as the puma, mountain lion, and panther, [2] among other names), and may also include several poorly known Old World fossil representatives (for example, Puma pardoides, or Owen's panther, a large, cougar-like cat of Eurasia's Pliocene).
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.
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