With the help of the internet, a buyer from Mexico can connect and purchase from a seller in Iowa, with just the push of a button. It was considered illegal to allow a daughter to be sold outside of the auction method.” Today, auctions are held everywhere and for everything. The auctions began with the woman the auctioneer considered to be the most beautiful and progressed to the least. According to Herodotus, in Babylon auctions of women for marriage were held annually. On Wikipedia, live auctions have a long history, “having been recorded as early as 500 B.C. Going to a live auction allows a greater understanding of what goes on for an online auction. Besides, you are not going to walk into Wal-Mart and buy an antique decoration or mid-century furniture piece right off the shelf. Also, by going to an auction and looking at items to buy without having a set price tag, it is quite different compared to normal shopping, not to mention the energy and rush of bidding on something and winning or losing will leave you feeling energized. Even though an auction may not be your first choice for shopping, I would urge you to attend an auction to see if you enjoy the atmosphere. If you are new to the auction world as a buyer and seller, it is important to remember the basics of an auction before heading into a sale.

That will explained in more detail later in the article. A “soft close” is what most online auction companies use today. Sniper bidding was just someone that had the fastest internet, and if two or more bids were sent in simultaneously with one second left, the bid with the faster internet would overtake the slower internet bid. Today, that doesn’t exist as much, and is referred to as “sniper bidding.” The reason it is less popular today is because of the wide reach of the internet giving more and more online bidders stronger signals. Also, another thought that people might think of for online auctions is waiting until the last minute to bid. eBay has set the stage for online auctions in the minds of people that are new to auctions. eBay is an auction company in some ways, but when they have the “buy it now” option, that is not an auction because how many other people would like to “buy it now” too. When people think of online auctions, most people think of Ebay.

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