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OCR: 388 SECTION c CHAPTER 7 ONLINE AUCTIONS What online auction? If you're in a buying mood and FIGURE 7-33 looking for merchandise from tchotchkes to automobiles, then you eBay and other auction sites offer might turn first to an online auction, one of the hottest trends huge variety of spoob and services online shopping An online auction is the electronic equivalent poof old-fashioned yard sales rummage sales, and auctions. Hosted by an Internet auction site such as eBay, sellers post their merchandise or services and buyers bid for the posted items. The auction site does not own or hold the merchandise; rather, merely facilitates the online bidding process and the transactions between buyers and sellers Categories Online shoppers are attracted to online auctions for a number of Antiques rea ...