An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling goods and services to the highest bidder. Yet, the operating process may differ through various situations. For example, sealed-bid auctions and online auctions are very different from traditional auctions. Renowned auction houses are Sotheby’s, Christie’s, China Guardian Auctions, and so on.
Net-Chinese strongly recommend auction houses and other related organizations to register the domain “.auction”.