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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.
For business auctions, the term refers to a specific type of auction process (also called e-auction, sourcing event, e-sourcing or eRA, eRFP, e-RFO, e-procurement, B2B Auction). Open procurement processes, which are a form of reverse auction, have been commonly used in government procurement and in the private sector in many countries for many ...
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The actual physical auction catalog is limited to print runs which started in 2005 when the major auction houses created their own app. Since 2020, it is rare that you can purchase the physical auction catalog. The auction is completely cataloged online. [3]: 4 Bidding is done online and the auction results can only be printed online. The ...
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