In the simplest way an auction is defined as a public place where products are sold to those who can offer the biggest price for them. Auction business model has been popular since ancient times. The first written account of an auction was provided by Herodotus in the 5th century (B.C.). He was describing the auction where girls for marriage were put for trade to be married in Babylon. In the Roman Empire, the auction model was used for the purchase and sale of the spoils of war, slaves, as well as for the sale of debtors. In 193 AD there was a case of putting up the Roman Empire for the auction which led to a short civil war and the beheading of the winning bidder.
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“Only two things we’ll regret on deathbed – that we are a little loved and little traveled”. Mark Twain, the greatest cynic in history, has hidden a tiny ulcer even in these wise, “life-knowing” words. Mark Twain loved so much, that few of us can even dream about such love. Mark Twain, during his long life, traveled and saw so much, that you, who experienced at least 5% of his impressions, really deserve to become a president of tourist association called “Envy me, neighbor, have been all around the world (btw, I traveled with your wife and she is hot)”. Read more
“In the future there will be two types of companies …those on the Internet and those out of business”, – Bill Gates said in his world bestselling masterpiece “Business @ the Speed of Thought” back in 1999. Nowadays, each and every, who kept their ears open to the words of business-guru, could be called “bill-gates” of their own sphere. If you’re dreaming about seeing your company flag, victoriously fluttering on the very top of the business world, and having look from there on the bald heads of your competitors, who are at each other’s throats for some crumbs from your negotiations table – this article is worth reading for you.
Online auctions are the ones held over the Internet. As opposed to traditional auctions online ones are held at a long distance from their target audience. You can participate in them without any need to be at the venue itself, as you can stake through special computer programs or Internet sites” – that’s the short definition for “online auction” term, suggested by Wikipedia. But what are the specific features of this kind of online business, and what exactly makes it different from traditional kinds of auctions? And why did online auctions become so popular last time?
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