Is there a difference in an auction? Yes, there is a big difference auctions and here are the 6 most popular auction platforms and their differences.
Of course, we all know what an auction is “RIGHT”?
Wikipedia says. The word “auction” is derived from the Latin augeō, which means “I increase” or “I augment” … just in case you’re interested. Auctions are a process of buying and selling of goods and placed items are up for the public to bid on; and in most cases, the item is then sold to the highest bid.
Here are the 5 most popular categories and how to participate. There are Online, (link) Storage auctions, Absolute, Reserve and Sealed Bid. So they are the different types of auctions, and now, this is how to go about bidding on them.