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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. Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules.
eBay was founded as AuctionWeb in California on September 3, 1995, by French-born Iranian-American computer programmer Pierre Omidyar as a hobby to make some extra money. [2] One of the first items sold on AuctionWeb was a broken laser pointer for $14.83.
Bid4Assets, established in 1999, was the first online real estate auction website to operate in the United States. The company auctions distressed real estate and personal property for private investors and federal and local government.
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 ...
Cowley Abbott Canadian Art Auctioneers is an auction house in Toronto, Canada, which holds live and online auctions of Canadian historical, post-war and contemporary artwork, as well as international art. It also sells work through private sales and conducts appraisals and provides art consultancy. [1]
Christie's American branch at Rockefeller Center in New York. Christie's is a British auction house founded in 1766 by James Christie. Its main premises are on King Street, St James's in London, and it has additional salerooms in New York, Paris, Hong Kong, Milan, Amsterdam, Geneva, Shanghai, and Dubai. [3]
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