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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. [ 4]
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Bridgeville, California (population 25) was the first town to be sold on eBay in 2002, and has been up for sale three times since. [1] In January 2003, Thatch Cay, the last privately held and undeveloped U.S. Virgin Island, was listed for auction by Idealight International. The minimum bid was US$3 million and the sale closed January 16, 2003.
Value References July 16, 1998: Up4Sale.com: Online auction United States — [3] April 27, 1999: Butterfield & Butterfield: Auction house United States $ 260,000,000 [4] May 18, 1999: Billpoint: E-commerce payment systems United States — [5] May 18, 1999: Kruse International: Car auctions United States — [5] June 22, 1999: Alando: Auction ...
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An American auctioneer using auction chant at a livestock auction, November 2010. 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 ...
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