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 […]

“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 […]

“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” […]

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 […]