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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. [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]
The largest consumer-to-consumer online auction site is eBay, which researchers suggest is popular because it is a convenient, efficient, and effective method for buying and selling goods. [ 6 ] Despite the benefits of online auctions, the anonymity of the internet, the large market, and the ease of access makes online auction fraud easier than ...
The chain (abbreviated ch) is a unit of length equal to 66 feet (22 yards), used in both the US customary and Imperial unit systems. It is subdivided into 100 links. [1] [2] There are 10 chains in a furlong, and 80 chains in one statute mile. [2] In metric terms, it is 20.1168 m long. [2]
1. Gigayacht. Sold for: $168 million Roman Abramovich, a Russian billionaire, must have been staring at an empty dock for a while now, because the 168 milly he shelled out for a 400-foot yacht is ...
The price had risen to $3,000 before eBay closed the auction. [8] [9] In May 2006, the remains of U.S. Fort Montgomery, a stone fortification in upstate New York built in 1844, were put up for auction on eBay. The first auction ended on June 5, 2006, with a winning bid of US$5,000,310.
A quarter chain, or 25 links, measures 16 feet 6 inches (5.03 m) and thus measures a rod (or pole). Ten chains measure a furlong and 80 chains measure a statute mile. [1] Gunter's chain reconciled two seemingly incompatible systems: the traditional English land measurements, based on the number four, and decimals based on the number 10.
Auctiva is an eBay auction management system. It was founded in 1998. One of the original members of the eBay Developer Council, Auctiva has provided sellers and merchants with tools designed to help increase their sales volume on eBay. Jeff Schlicht, who founded Auctiva, wrote a program to automate the task of placing listings on eBay.
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