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On eBay, the bidding price started at $233.95, with bidding ended at a sale price of US$10,000. [63] Both the e-mail exchange and the picture have become internet hits. [64] In July 2009, Dornoch Capital Advisors placed England's Coca-Cola League One Side Tranmere Rovers F.C. on eBay without permission from owner and chairman Peter Johnson ...
An automatic bid is a bid or berth to a tournament, granted based on performance in prior competition, and not based on subjective picking (see: at-large bid). [1] It is used in the United States in all professional sports, in which all playoff bids are automatic and determined by objective formulae; in college sports, all divisions (except the highest division of college football) use a mix ...
Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.
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Unique bid auctions are often used as a form of competition and strategy game where bidders pay a fee to make a bid, or may have to pay a subscription fee in order to be able to participate. In practice, such auctions function like lotteries , but the small amount of "skill" involved makes them legal in jurisdictions where lotteries are ...