Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Im familiar with how an auction works, the auctioneer raises the bids until nobody wants to go any higher… how is Ebay different?

April 26, 2017auction auctioneer bids different eBay familiar raises wants

0

Posted

Im familiar with how an auction works, the auctioneer raises the bids until nobody wants to go any higher… how is Ebay different?

1 Answer

0

Posted

Under the Ebay system, there is no auctioneer. Bidders raise each other until the auction expires. Not for lack of bidders, the auctions are timed. So you run out of time to bid, even though you might have gone up on the item.