online auction

Internet bidding event

An online auction is a sale conducted over the internet where bidders compete by submitting progressively higher offers until time expires or no one bids higher.

Sites like eBay popularized the format for consumer goods, while specialized platforms handle art, real estate, and industrial equipment.

I found a vintage guitar at an online auction.

bidding

bidder

One who makes offers

  • bidOffer to purchase
  • reserveSupply kept back
  • lotLarge amount or portion

hammer price · proxy bid · snipe · outbid · maximum bid · starting price · increment · gavel · estimate · watching

marketplace

eBay

Web auction marketplace

buyer · feedback · rating · seller rating · buyer protection · PayPal · escrow · dispute · authenticity · verification

timing

countdown

Backward enumeration to zero

duration · closing · last minute · time remaining · scheduled · relisting · soft close

collectibles

vintage

Quality from past eras

limited edition · signed · authenticated · graded · mint condition · provenance · certificate · appraisal · estate sale · comics

transaction

payment

Fulfilling a financial obligation

handling · insurance · tracking · delivery · international shipping · customs · returns · refund · dispute resolution · fraud protection

Categories
Opposites
transaction venue/medium

online auctionlive auction

In-person competitive sale

estate sale · garage sale · yard sale · flea market · swap meet

pricing mechanism

online auctionset price

Predetermined cost, non-negotiable

sticker price · list price · wholesale · direct sale · subscription service

transaction immediacy

online auctionimpulse buy

Unplanned spur-of-the-moment acquisition

cash-and-carry

Family

online, auction, auctioneer, auctioning, auctioned, auctioneers, auction house, auction-goer, e-auction

Familiarity
Top 50,000
Profile
Known to kids · Used worldwide · Timeless · Concrete · Everyday, not technical · Rated G