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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.
Freeman's-Hindman (formerly known as Freeman's and Samuel T. Freeman & Co) is an American auction house founded in 1805 by Tristram B. Freeman, a British print seller, in Philadelphia, Pennsylvania, United States. [1]
However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...
Firstly, online auctions might enable bidders to obscure their identities, such as utilizing pseudonyms or multiple accounts to maintain anonymity. This concealment could simplify collusion without detection. [112] Secondly, online auctions might ease the implementation of collusive arrangements among bidders.
DealDash is a bidding fee auction website. It was founded in 2009, and is headquartered in Minneapolis, Minnesota, United States. [1] [2] [3]Users buy "bids", which are credits priced at 13 cents each, which increase the listed price of the item by 1 cent.
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