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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.
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This is an accepted version of this page This is the latest accepted revision, reviewed on 18 December 2024. Online Auction Company uBid.com Company type Private Industry Online auction and fixed-price merchandise Founded Chicago, Illinois, USA (1997) Headquarters United States Key people Bob Geras, Chairman Ketan Thakker, CEO/CFO Products Consumer merchandise including electronics, computers ...
Mecum Auctions was founded in 1988 by Dana Mecum, [1] a car enthusiast whose father operated a dealership in Marengo, Illinois. [2] [3] Dana Mecum initially bought 40 semi-trailer trucks in the 1980s, and traded 10 of them for four houses which he rented out.
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The GreatCollections.com website launched in late 2010, facilitating the sale and purchase of coins and paper money in online auctions. [6] It has since become well known for auctioning rare examples of American currency, [ 7 ] [ 8 ] such as the Cigarra Collection, [ 9 ] and a collection of Indian Head nickels that sold for over $500,000.