online auction platforms

Online auction platforms are digital marketplaces where individuals and businesses can buy and sell items through bidding. Sellers list their products with starting prices, and buyers place competitive bids over a specified time period. The highest bid at the end wins the item, often with real-time updates. These platforms facilitate transactions for a wide range of goods, from collectibles to used merchandise, providing transparency and convenience. Examples include eBay and Sotheby’s online auctions, making it easier to access diverse listings globally without physical presence.