auctionstyle
Auctionstyle is a term used to describe listing formats on online marketplaces that employ an auction-style bidding process to determine the sale price. In auction-style listings, items are offered with an opening bid and a time frame during which buyers can place higher bids, rather than a fixed price. Many platforms support automatic bidding, where the system places bids on a bidder’s behalf up to a maximum amount. The winner is typically the highest bidder when the auction closes, and the final bid amount becomes the purchase price.
Common forms of auction-style listings include timed English auctions and live auctions. Timed English auctions run
Auction-style formats are used for a range of items, including collectibles, antiques, electronics, art, and event
See also online auction, English auction, bid increments, reserve price, and buy-it-now.