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What is the difference between an online auction and a real auction?
Wiki User
∙ 9y ago
In online auctions you bid on a product and depending on how many buyers are bidding the higher the price is raised but with online shopping once you check out to buy the product is your's. There is no bidding involved.
Wiki User
∙ 13y ago
Lina Stam
The auction industry, up until the rise of the internet in the mid-1990s, was manual and a secluded market place for a handful of people. But things were about to change. Online auction sites like eBay started surfacing, establishing themselves the first internet-based auction platforms. As the number of users grew, the auction industry understood the limitations and barriers of brick and mortar auction versus an online auction. Even in the early stages of the internet, auctioneers understood the importance of proper dissemination of information regarding items being auctions and were truly ready to take big leaps for business development and it has certainly paid off.
Rise of Online Auction
More than 2 decades later, the internet today possesses a massive amount of information on auction houses, auctions, and hundreds and thousands of items from around the world. The growth was inevitable.
That is exactly why Auction Daily was created. With all the information out there, Auction Daily is here to make accessing information easier and reliable for you. You will have access to auction-related news, events, and reviews including premium products with their bidding price and much more. Auction daily is a one-stop solution to finding anything auction related.
banknilami
The biggest difference between these auctions is, ina Real auction the person should be present where the property is but, in online auction, you could only be present by internet on online auction portals which provides good auction asset and good services to you. Bank Nilami is providing auctions only in 3 categories but They have worked tremendously by providing property and vehicle auctions all over in India. They are directly connected to the bank. You should check out their website for good information.
Wiki User
∙ 9y agoAn online auction is an auction that takes place on the internet. A real auction is an auction that takes place in a location (usually an auction house) where bidders attend in person.
Wiki User
∙ 10y agoClassified usually have a fixed price while the online auctions is usually based on the number of buyers who want to buy the item.
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