What is an Online Auction?
An online auction functions just like the ones held at the old time auction houses. An item is put up for auction for an allotted amount of time and the buyers will then bid on the item of their choice until the auction is over HOW DO THE ONLINE AUCTION SITES WORK? As a registered member of an auction site, you list an item for sale within one of the auction site’s categories. The member then writes a description of the item and attaches a picture of the item to the auction, its duration, and the opening price. Next, potential buyers will bid on the item electronically. When the auction closes the highest bidder wins, depending on the sites terms of service agreement. The winning bidder is then obligated to buy the item. If the winner reneges on the purchase to buy, the seller may decide to give negative feedback. ARE ALL AUCTION SITES THE SAME? Basically all auction sites are the same. All bidding is done electronically; formats are identical such as straight, dutch and reserve. Almos
WWA Online Auction is an exclusively Internet Auction. There is no live Auction day to attend and only Bids placed on the internet are accepted. The Online system is designed to facilitate the transfer of assets, from Seller to Buyer, in the quickest, simplest, most cost efficient manner possible. Online Auctions are extended Auctions where equipment is available for longer periods of time, up to 3 weeks, before the Auction Close. This gives Buyers more time to ask specific questions about the equipment and more flexibility to make travel arrangements for on-site inspections. Website navigation is easy and logical taking you quickly to the equipment you are interested in. All equipment has its own information page giving a full description, photographs and details about equipment location and inspection arrangements. Each item of equipment in the Online Auction has its own individual Auction Close time/day. Items can be added by Sellers at any time and Online Auction Bidders should che
