From the days when medieval people bartered their goods and services in shandies and markets to the modern day when people sell goods and services on the internet, commercial transaction has progressed and matured with the application of technology. The internet supports commercial transaction in a big way and the mushrooming of auction sites is a pointer to that fact. The auction sites’ popularity stems from the fact that the process is convenient and safe.
The cumbersome process of going and physically scouring the markets is laborious and time consuming. Also, one is at the mercy of the seller if the product is an antique or a rare good. On the auction sites however, one can easily sift through categories and zero-in on the product of one’s choice. Not just that, one can also bid for the best price and even wait till a suitable price is obtained.
The advent of auction sites specializing in product areas is a welcome development and goes a step further in providing ease of buying and selling. Since the audience is limited and the market is niche, the transactions only become quicker and economical. We present a list of resources that are involved in online auctions. Directories of auction sites where you can find links to popular auction sites is also listed.