An
auction is a process of buying and selling goods or services by
offering them up for bid, taking bids, and then selling the item to the
highest bidder. In economic theory, an auction may refer to any
mechanism or set of trading rules for exchange.
The
development of the internet, however, has led to a significant rise in
the use of auctions as auctioneers can solicit bids via the internet
from a wide range of buyers in a much wider range of commodities than
was previously practical.[5]
In
2008, the National Auctioneers Association reported that the gross
revenue of the auction industry for that year was approximately $268.4
billion, with the fastest growing sectors being agricultural, machinery,
and equipment auctions and residential real estate auctions.
..................................................................... Auction Sites Links
Bazaar No1
Baazee
Junction
Auctioners
Jthomas-india
kool Maal
Teri Meri
Trade 2 Gain
Tea Auction
Auction India
Second Sale
Matex Net
Yelam
Bid or Buy
