If you've surfed the Internet to shop for an item, there is a good chance that you might have stumbled across an online auction site. Online auctions are quickly becoming one of the hottest ways to buy and sell items over the Internet.
Online auctions work through a bidding process where sellers post items online.
Potential buyers can browse these listings, which are typically organized by category or closing time. Bidding on an item is as easy as filling out a quick registration form and posting a bid. An auction for a given item typically lasts about a week, although ones that run from one hour to several weeks are not uncommon. Quick Tips Going once, going twice. A flurry of activity generally occurs in the last several minutes before an auction closes.