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In October 2020, Bid4Assets pioneered Pennsylvania's first internet-based sheriff sale for Montgomery County, Pennsylvania. Montgomery County's sheriff was quoted as stating “COVID-19 was clearly the precipitating factor and an online auction is a safer way to go in the current health crisis."
The price had risen to $3,000 before eBay closed the auction. [8] [9] In May 2006, the remains of U.S. Fort Montgomery, a stone fortification in upstate New York built in 1844, were put up for auction on eBay. The first auction ended on June 5, 2006, with a winning bid of US$5,000,310.
An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1 ] [ 2 ] [ 3 ] Similar to in-person auctions, online auctions come in a variety of types , with different bidding and selling rules.
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LNR Partners was to put The Mall at Steamtown up for auction on auction.com from June 1–3, 2015 with a starting price of $1 million. [41] [42] The auction was delayed until June 22–24, 2015 with a lowered starting price of $700,000 to allow for more bids. [43] Concerns about the mall include deferred repairs and parking garage repairs. [42]
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