Back to the history of auction!

According to Wikipedia,

"Auction is an uncommon way of negotiating the price for
exchanging the goods and commodities."

Auctions were recorded before 500 B.C . Romans and Persians were the first people who initiated the auction. Nowadays auctions are made only upon products, but if you look back the history auctions are used for selling slaves, soldiers, and some war assets.


There was a significant & historical auction which was happened during the year 193 A.D, (i.e) The entire roman empire was put into an auction.


During the 17th and 18 the century people in some parts of england were used candle auction! 

Candle auction: Auctions contines until a lighted candle expires.(i.e) No one knows when the auction would end, but until the candle expires the people will continue the bidding

There are several numbers of auctions!

Auctions can be classified in to two categories
 

Namely,

1. Primary Auction 2. Secondary Auction

Primary auctions:

• English auction
• Dutch Auction
• Blind auction 
• Vickrey auction

We have discussed the topic in detail here, you can find more ideas here -> 
goo.gl/1G13o9

News For Auction lovers!!!

News For Auction lovers!!!

What IS It???

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Smart Auctioneers Rules The AUction World!

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Auction Business Success Is Yours

 Auction Business Success Is Yours

When your online auction business cranks, it brings along some noise to judge the case of winner in auction.Use your intelligence to win in the auction business. 

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Recent Articles:

Role Of Autobidding Is Becoming A Mount In Yahoo! Japan Auction

Want To Start an Online Auction Business With Japanese Products? What Can I Do?

Want To Start an Online Auction Business With Japanese Products? What Can I Do?

People like Japanese products.Because of its quality and cost effectiveness.But the problem with Japanese people is they don't sell their products outside their country.

Yes!! it is easy to start an auction business with Japanese products.API plays a vital role in buying and selling Japanese Products.

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Want to run a website like Yahoo! Japan Auction ?

Want to run a website like Yahoo! Japan Auction ?

People like to start online business auction because The popularity of online auctions are rising at an exponential rate. Presently, the volume of online auctions have reached billions of dollars in yahoo! auction website.

Is There Is Any option To  Start A New Website like Yahoo! Japan Auction Portal?

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Looking for good auction script to start your auction website - Try free demo !

Looking for good auction script to start your auction website - Try free demo !

                                                     

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• ‘Stripe’ integration for advanced payment processing & E-Commerce functionality. PayPal for simple payments.

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Impact Online Yahoo Auctions

This paper examines the impact of sellers' choice of auction parameters on the level of their revenues using data from Yahoo.com's Playstation 2 system auctions. Our study specifically highlights the impact of the ending rule. We introduce a new variable called Winning Bid Ratio (WBR), and use it as a proxy for seller revenues. WBR is the ratio of the winning bid of an auction to the buy price offered by the seller. We find that choosing a high bid increment and including a shipping price decreases the WBR. 

Alternatively, lower number of bids and choosing a shorter yahoo auction length have a positive effect on the WBR. On the whole, the ending rule has a negative effect on the WBR, which is in accord with the theoretical predictions in the literature. However, we also find variations in the results for the effect of ending rule when we divide the data into two groups consisting of high and low-value auctions.