The practice of contacting bidders and offering to sell them the same item they are currently bidding on, thus drawing bidders away from the legitimate seller's auction. Paid-for auction listings placed prominently on the home page and category pages of an auction service. The purchase amount of each item for all successful bidders in an auction, as established by the low successful bidder at the end of the auction. The commission the seller pays to the auction service after his or her item sells. The process for determining the physical condition of an item.
Different items have different grading systems.
The participant who bids the greatest amount. A fee paid by the seller to the auction site in exchange for listing an item for auction, calculated as a percentage of the opening bid or reserve price . The participant who has bid the lowest acceptable amount for remaining item quantity in an auction, establishing the final item price. The highest price a property will bring in the open market. The highest price a buyer will pay for an item, submitted in confidence to an online auction service's automated bidding system to facilitate proxy bidding .