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  2. No-reserve auction - Wikipedia

    en.wikipedia.org/wiki/No-reserve_auction

    t. e. 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. [ 1][ 2] From the seller's perspective, advertising an auction as having no reserve price can be desirable (but risky) because it potentially attracts a greater number of bidders due to the possibility ...

  3. Unusual eBay listings - Wikipedia

    en.wikipedia.org/wiki/Unusual_eBay_listings

    Bridgeville, California (population 25) was the first town to be sold on eBay in 2002, and has been up for sale three times since. [1] In January 2003, Thatch Cay, the last privately held and undeveloped U.S. Virgin Island, was listed for auction by Idealight International. The minimum bid was US$3 million and the sale closed January 16, 2003.

  4. List of acquisitions by eBay - Wikipedia

    en.wikipedia.org/wiki/List_of_acquisitions_by_eBay

    As of September 2014, eBay has acquired over 40 companies, the most expensive of which was the purchase of Skype, a Voice over Internet Protocol company, for US$ 2.6 billion in cash plus up to an additional US$1.5 billion if certain performance goals were met. [ 2] The majority of companies acquired by eBay are based in the United States.

  5. 99p Stores - Wikipedia

    en.wikipedia.org/wiki/99p_Stores

    99p Store in Gosport 99p Store in Bromley. Nadir Lalani came to the UK in 1973 from Tanzania, having owned a cash and carry store in Mwanza. Since moving to the UK he built up and sold two convenience store chains (including buying Whistlestop Discount Stores, a 27-strong chain which he sold in 2005) before moving into discount retailing, with intentions of handing the business over to his two ...

  6. Vickrey auction - Wikipedia

    en.wikipedia.org/wiki/Vickrey_auction

    e. A Vickrey auction or sealed-bid second-price auction ( SBSPA) is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders an ...

  7. Elton John auctions off items from his wardrobe on eBay - AOL

    www.aol.com/news/elton-john-auctions-off-items...

    The singer, who has been named one of the most generous billionaires of 2024, is now auctioning off a second haul via eBay, with proceeds going to the Elton John Aids Foundation. The sale began ...

  8. First-price sealed-bid auction - Wikipedia

    en.wikipedia.org/wiki/First-price_sealed-bid_auction

    A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. [1] In this type of auction, all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price that was submitted. [2] : p2 [3]

  9. Online auction - Wikipedia

    en.wikipedia.org/wiki/Online_auction

    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 ...