[eBay Auction] Types of auctions

[admin]

eBay Auction has posted a new item, 'Types of auctions'

English auction: This is what most people think of as an auction. Participants
bid openly against one another, with each bid being higher than the previous
bid. The auction ends when no participant is willing to bid further, or when a
pre-determined "buy-out" price is reached, at which point the highest bidder
pays the price. [...]

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