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A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [1] [2]From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility of a bargain. [1]
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.
A No-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. [60] [61] From the seller's perspective, advertising an auction as having no reserve price can be desirable because it potentially attracts a greater number of bidders due to the possibility of a bargain. [60]
EBay (EBAY) should just pull the trigger and rename itself PayPal. Last quarter, a major e-commerce pioneer posted revenue growth of just 11% in its core "Marketplaces" unit. Meanwhile, revenue in ...
A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted to the general public and only licensed dealers can participate. Prices of vehicles sold at dealer auctions tend to be lower than those advertised on any dealer's lot.
The minimum bid was US$3 million and the sale closed January 16, 2003. [2] The city of Carlotta, California was up for auction on eBay in February 2003. [3] In September 2004, the Indiana Firebirds arena football team was auctioned off, first in a regular auction that failed to reach the reserve price, [4] and again as a "Buy it Now" item for ...