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An auction is a process of buying and
selling goods or services by offering them up for bid, taking bids, and then
selling the item to the winning bidder. In economic theory, an auction may refer
to any mechanism or set of trading rules for exchange.
There are several variations on the basic auction form, including time limits,
minimum or maximum limits on bid prices, and special rules for determining the
winning bidder(s) and sale price(s). Participants in an auction may or may not
know the identities or actions of other participants. Depending on the auction,
bidders may participate in person or remotely through a variety of means,
including telephone and the internet. The seller usually pays a commission to
the auctioneer or auction company based on a percentage of the final sale price.
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Allegro
Allegro is a Polish online auction website
based in Poznań. It was formed in 1999 and subsequently purchased by online
auction site QXL Ricardo plc (now Tradus) in March 2000. Allegro was added to
numerous Polish web portals, which increased its popularity and assisted its
rapid growth. The company has since used this approach to boost other Tradus-owned
sites.
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Baazee.com
Baazee.com was an auction website
headquartered in Mumbai which started operating in India in 2000. In June 22,
2004, eBay acquired all outstanding shares of Baazee.com, for approximately US
$50 million in cash, plus acquisition costs. It has since been rebranded as
ebay.in, and has over 1 million registered users.
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Bidtopia
Bidtopia is an online auction site
originally launched as a sole platform for Bargainland, a company that was the
largest eBay seller in 2007. Bidtopia was designed to be a private auction site
for Bargainland, and to enhance the typical online auction format with features
such as popcorn bidding, a unique feedback system, and requiring that all items
have the ability to sell for .99 cents. The initial launch was so popular that
Bidtopia has now allowed other sellers with online experience into the
marketplace, and added the requirement that seller accounts and bidder accounts
be kept separate as their needs and desires are mutually exclusive.
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Christie's
Christie's is a leading art business and a
fine arts auction house. Christie's main London saleroom is on King Street in
St. James's, where it has been based since 1823. It also has a second London
saleroom in South Kensington which opened in 1975 and primarily handles the
middle market. Christie's South Kensington is one of the worlds busiest auction
rooms. Christie's also has offices (not all are salerooms) worldwide including
New York, Los Angeles, Paris, Geneva, Amsterdam, Moscow, Vienna, Buenos Aires,
Berlin, Rome, South Korea, Milan, Spain, Japan, China, Australia, Hong Kong,
Singapore, Bangkok, Tel Aviv, Dubai, and Mexico City.
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cMarket
cMarket provides fundraising services to
nonprofit organizations. The company follows the online auction business model
similar to that of eBay, with a focus on the growing segment of charities that
use online fundraising. The main service is a Web interface where nonprofits can
set up branded websites for their auctions. Also provided is a bidding website
for consumers where charities receive the proceeds from the user's purchases.
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DoveBid
DoveBid is a valuation and auction firm
originally founded in 1937. It is headquartered in Los Angeles, California with
offices worldwide. Dovebid is a service provider for the top asset based finance
institutions providing appraisal services of Machinery and Equipment, Inventory
and Real Estate.
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eBay
eBay Inc. is an American Internet company
that manages eBay.com, an online auction and shopping website in which people
and businesses buy and sell goods and services worldwide. In addition to its
original U.S. Web site, eBay has established localized Web sites in thirty other
countries. eBay Inc. also owns PayPal, Skype, StubHub, and other businesses.
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eBid
eBid is an online auction website founded
in December 1998. eBid operates in ten countries, United Kingdom, United States
of America, Canada, Australia , Ireland, Italy, France, Germany, Spain,
Netherlands. eBid uses its own online payment service PPPay to allow for buyers
and sellers to pay each other in Euros and Pounds Sterling, although members are
not restricted to using this form of payment.
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G-Market
Gmarket is a Korean online auction and
shopping mall website, where people from all around the world buy and sell goods
and services. Collectibles, appliances, computers, furniture, equipment,
vehicles, and other miscellaneous items are listed, bought, and sold.
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GittiGidiyor
GittiGidiyor is a Turkish online
marketplace similar to eBay that offers auctions, stores and fixed price
listings. Gittigidiyor is Turkey's leading online marketplace company. It was
founded in 2000 by local entrepreneurs in Turkey and is headquartered in
Istanbul. Auctions began at 5 February 2001. GittiGidiyor has over 1.5 million
registered users and more than 500,000 daily visitors. Since 2001, 3.5 million
sales have been successfully completed.
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Gunbroker.com
Gunbroker.com is a United States based
auction website specializing in the sale of firearms. The site has become the
most prominent site for firearms auctioning since EBay instituted a policy
banning them.
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Heritage Auction Galleries
Heritage Auction Galleries is the world's
largest collectibles auctioneer and third largest auction house. Established in
1976 in Dallas, Texas by Steve Ivy and Jim Halperin, Heritage offers auctions in
the fields of Historical Memorabilia, American and Political Memorabilia,
Western Photography and Artifacts, Rare Books & Manuscripts, American Indian
Art, Civil War Memorabilia, Natural History and Space Memorabilia, Fine and
Decorative Art, Texas Art, Illustration Art, Silver, US and World Coins, Comics
& Comic Art, Currency, Entertainment & Music Memorabilia, Jewelry & Timepieces,
Handbags, Movie Posters, Sports Collectibles, Stamps and more.
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Huuto.net
Huuto.net is a Finnish online auction
similar to the international eBay or the Swedish Tradera. It was established in
1999 and is currently owned by Ilta-Sanomat Oy which belongs to the SanomaWSOY
media group.
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Huuto.net
Huuto.net is a Finnish online auction
similar to the international eBay or the Swedish Tradera. It was established in
1999 and is currently owned by Ilta-Sanomat Oy which belongs to the SanomaWSOY
media group.
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MercadoLibre.com
MercadoLibre.com (literally "free market"
in Spanish) or MercadoLivre in Portuguese (Brazil) is a website dedicated to
online auctions. It is eBay's Latin American partner. MercadoLibre is Latin
America's number-one auction site. It is currently present in Argentina, Brazil,
Chile, Colombia, Mexico, Ecuador, Peru, Uruguay, Venezuela, Panama, Costa Rica
and Dominican Republic.
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oDesk
oDesk is a company with a global job
marketplace and a series of tools targeted at businesses that intend to hire and
manage remote workers. Based in Menlo Park, CA, oDesk was founded by Odysseas
Tsatalos and Stratis Karamanlakis. The name is a short version of "no desk"
which encapsulated the founders' vision of enabling anyone to work anywhere,
anytime.
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OZtion
OZtion is an online auction site designed
for Australians. OZtion is the second largest auction site in Australia. The
Oztion website was founded in 2005. According to the site, there are more than
750,000+ items available for auction or purchase and as of 2008-07-17, over
299,750 member accounts.
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SalvageSale
SalvageSale, Inc. is an online marketplace
built for disposal of insurance and corporate surplus, salvage and other goods.
Founded in 1999 by Charlie Wilson, SalvageSale serves millions of customers with
its proprietary bidXchange auction.
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Sotheby's
Sotheby's (NYSE: BID) is the world's
second oldest auction house in continuous operation (the oldest being Stockholms
Auktionsverk founded in 1674). Its predecessor, Baker's, was founded in London,
England on 11 March 1744 when Samuel Baker presided over the disposal of
"several hundred scarce and valuable" books from the library of a certain Rt.
Hon. Sir John Stanley. This disposal however was not by means of auction and as
Frank Herrmann and Brian Learmount observe, the business did not seek to auction
fine arts in general until much later, their first major success in this field
being the sale of a Frans Hals painting for 9 thousand guineas as late as 1913.
The current business dates back to 1804 when two of the partners of the original
business (Leigh and Sotheby) left to set up their own book dealership.
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TradeMe
TradeMe, managed by the company Trade Me
Ltd, is the largest Internet-auction website operating in New Zealand as of
2007. New Zealand entrepreneur Sam Morgan founded the site in 1999, and after
some years of overall dramatic growth sold it to Fairfax in 2006 for NZ$700
million. Trade Me Ltd also operates several sister websites including Find
Someone, Old Friends, Travelbug, Safe Trader and smaps.
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Tradera.com
Tradera.com is an online auction website
in Sweden. Tradera currently has over a million members, and hundreds of
thousands of visitors every month. Although Tradera welcomes members from all
over the world, most are Swedish.
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Tradus
Tradus is an online auction company that
operates in Europe. The company, a subsidiary of South African media group
Naspers since March 2008, operates across Europe using many different brands.
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TVbay
TV-bay was established in 2004 as a
central location to buy and sell professional broadcast equipment. Before TV-bay
if a user of professional broadcast equipment was looking to buy an item (new or
used) then they would search the back pages of various trade magazines in order
to find the item.
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uBid
uBid Inc. (OTCBB: UBHI) manages an online
auction and shopping website thats offers both goods sold directly by the
company and items sold by pre-approved uBid Certified Merchants. It is currently
the 2nd largest online auction site by sales volume and is only available to US
residents.
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WineCommune.com
WineCommune.com was founded in 1999 as an
online auction site dedicated exclusively to connecting wine buyers and sellers.
As of April 2007, more than 43,000 auctions were in progress, many starting at
$1 with no reserve, allowing consumers to bid exactly what they want and no
more.
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