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An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. Similar to in-person auctions, online auctions come in a variety of types, with different bidding and selling rules.
Yahoo! Auctions is a service set up by the online search giant Yahoo! in 1998 to compete against eBay. There are currently only two localizations of the service active in Taiwan and Japan; Yahoo! has discontinued the service in the United States, Canada, Singapore, Hong Kong, United Kingdom and Ireland.
Catawiki has been curating weekly auctions since 2011, across a number of categories such as art, books, curiosa, model trains, stamps, wine and classic cars. Catawiki's auctions are online-only. Bids are open for all to see. Winners pay what they bid via a secure payment service to receive the object from the seller.
Copart, Inc. is a global provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet and finance companies in 11 countries; the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman and Finland. Headquartered in Dallas, Texas, Copart has more than 200 physical ...
Sales occur either via online auctions or "buy it now" instant sales, and the company charges commissions to sellers upon sales. eBay was founded by Pierre Omidyar in September 1995. It has 134 million yearly active buyers worldwide and handled $74 billion in transactions in 2022, 49% of which was in the United States.
In 2016, Bonhams held its first online-only auction; the sale of watches from the collection of a European nobleman. [citation needed] In September 2018, Bonhams was acquired by the UK-based private equity company, Epiris. In January 2022, Bonhams acquired the Nordic auction house Bukowskis for an undisclosed sum.
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