The History of Online Auctions
Auction: the sale of property to the highest bidder
The first auction supposedly took place in Babylon around 500 B.C., in which marriage auctions were held annually in every village. The prices ranged from a higher bid for the more beautiful women to a negative bid and dowry for the less attractive women.
Since 500 B.C. auctions have transitioned from their traditional marriage auctions into their present state of ONLINE AUCTIONS. The first online auction site began with a Japanese company Aucnet, when they went online with automobiles for auction 1995. Later that year in September was the birth of eBay. Since eBay there have been many other auction sites such as Yahoo Auctions and uBid,just to name a few.
Founded in September 1995 eBay is the largest and most well known auction site today, it includes 42.4 million registered users. On eBay you can find the sale of just about anything you could imagine. eBay serves all of the US and international auctioneers as well. Anyone can register as a buyer on eBay, but you must have a credit card to be a seller. eBay serves as a mediator between the buyer and seller for the auctioning of goods. There is no eBay fee for buying an item except the fee charged by the seller for the item. eBay charges a small fee to the seller for the posting of the item.
Searching on eBay is fast and easy. You can type in the name or size of an item, browse by category, price range, and item location. Once the item is posted a buyer can view a picture of the item, the item’s selling price, the time left on the item, the item’s current price, the top bidder of the item, and a description of the item. Also on the listing is the number of items the seller has previously sold. There is also a security measure in place for buyers who have sent money and do not receive the item they paid for. After payment is received the item usually arrives within 7-10 days. You can then list feedback for the seller telling other buyers how the seller was.
The first auction supposedly took place in Babylon around 500 B.C., in which marriage auctions were held annually in every village. The prices ranged from a higher bid for the more beautiful women to a negative bid and dowry for the less attractive women.
Since 500 B.C. auctions have transitioned from their traditional marriage auctions into their present state of ONLINE AUCTIONS. The first online auction site began with a Japanese company Aucnet, when they went online with automobiles for auction 1995. Later that year in September was the birth of eBay. Since eBay there have been many other auction sites such as Yahoo Auctions and uBid,just to name a few.
Founded in September 1995 eBay is the largest and most well known auction site today, it includes 42.4 million registered users. On eBay you can find the sale of just about anything you could imagine. eBay serves all of the US and international auctioneers as well. Anyone can register as a buyer on eBay, but you must have a credit card to be a seller. eBay serves as a mediator between the buyer and seller for the auctioning of goods. There is no eBay fee for buying an item except the fee charged by the seller for the item. eBay charges a small fee to the seller for the posting of the item.
Searching on eBay is fast and easy. You can type in the name or size of an item, browse by category, price range, and item location. Once the item is posted a buyer can view a picture of the item, the item’s selling price, the time left on the item, the item’s current price, the top bidder of the item, and a description of the item. Also on the listing is the number of items the seller has previously sold. There is also a security measure in place for buyers who have sent money and do not receive the item they paid for. After payment is received the item usually arrives within 7-10 days. You can then list feedback for the seller telling other buyers how the seller was.
posted by coop @ 12:28 PM
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