Thread: What Is an Online Auction?

Online auctions are auctions that are conducted via the Internet. The most common structure for holding an online auction involves registering as a seller with one of the several Internet-based auction web sites currently in operation. With most applications, all aspects of a traditional auction are replicated in the procedure used by these online sites, including the winning bidder submitting a payment.


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As with any type of auction, the online auction process normally begins with registering a particular item for auction. The seller sets a minimum bid that must be met in order for anyone to win the item up for auction. Bidding begins when a bidder logs at least this minimum bid, and continues until the auction closes. At the end of the online auction, the winning bidder submits payment using any of the options previously authorized by the seller, and the auctioned item is delivered to the winner, usually by post or a courier service.

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YOu have tht everywhere - like ebay and amazing and etc.

The auction that is done through internet. There are various sites which provide service of auction for this the seller has to get himself register with these sites.

are they like selling websites as well?

Hello ,,
When we bidthrough internet on products , that is called online auction ..

Amazon is the example

Thanks !!

An online auction is a type of auction which is held over the internet. Online auctions come in many formats, but most popularly they are either ascending English Auctions, descending Dutch auctions, First-price sealed-bid, Vickrey auctions, or sometimes even a combination of multiple auctions, taking elements of one and forging them with another.

Any real time example for this online auction?

Originally Posted by antiman

Any real time example for this online auction?

i searched in Google and found this website for online auction- http://www.ebid.net/

Hope this helps..