online auction

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online auction

Using the Web to match buyers and sellers around the globe. eBay pioneered the online auction in 1995, and others quickly followed. Priceline added a variation by asking buyers to name the price they want to pay and see if a seller will match it. See 0FB, eBay, priceline.com, sniping software and bid shielding.
References in periodicals archive ?
HOUSTON -- Network International, the global marketplace for buying and selling energy equipment, has seen growing worldwide awareness and support for their Online Auction business model.
Wavee is the next evolution of e-retail and online auction business models as it combines the opportunity to win products at up to 90 percent savings and the ability to purchase an item at a price below other e-commerce sites.