I just don't think like him. Henry Perella is a regular contributor to the Senior Times. Auctions on the Internet may be the purest form of capitalism practiced today, with buyers and sellers coming together in a central worldwide marketplace, unencumbered by intermediaries and, to a large extent, outside regulation. It encompasses individuals selling to individuals, business selling to individuals, and businesses selling to other businesses. If you've ever bought or sold through eBay or other auction sites, you undoubtedly know what they're talking about.
Online auctions are fun.
Unlike most in-person auctions, they typically stretch out over days and end at a specific time. The highest bidder when the clock strikes, wins. There are tricks to placing winning bids, and other tricks in maximizing the bids placed on items you're selling. The strategizing, ticking clock, and winning and losing impart a game quality to online auctions. But they're serious business too.