The highest bidder at a specified time wins. They use live auctioneers who entertain bids either through a chat room, Internet telephony, or streaming video. On-line bidders participate in an auction at a real auction house. A live auctioneer takes bids from the floor and enters them into a computer, where they are displayed to bidders coming in through the Internet. Certain auctions may combine several of these features.
Items go to either the highest bidder or the first person who is willing to pay the fixed price.
The following is a list of tools that have just been introduced and some sites that use them. The Company Corporation is a service company and does not offer legal or financial advice. The Company Corporation. All rights reserved.