Internet auctions are a method of selling merchandise on the wide world web via a computer server. Products are photographed and a description is written for each item. Typically an internet auction last hours or days but this can change auction to auction, so please make sure to look at the details. The bidding is done by computer with a bidder entering the opening bid and subsequent bidders entering increasingly higher bids until the final bid is made on the last day. The winning bidder is contacted via computer and sends payment for the item. Then the product is picked up by or shipped to the bidder. In Internet Auctions, all lots are listed in an online catalog and are available for viewing and bidding for a certain number of hours or days prior to the event.

Category: Online Auctions

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