Auctions Web auctions are the newest wave on the Web. There is a certain excitement that goes along with auctions. It's so easy to get caught up in the excitement of the bidding process. People find auctions an excellent means to sell their wares, either as an individual or a business.
Items included in Web auctions can include just about everything from computers to antiques.
It is not surprising that more and more individuals are flocking to these sites to make purchases for themselves or their businesses. The highest sealed bid bidder wins at this auction. Yankee auction - Multiple items auctions, where winners are determined by ranking bids. An auction where the highest bidder wins the item bid on. Absolute auction - There is no reserve price and at the close of the auction the item is awarded to the highest bidder.