The difference between traditional auction and online auction

Hello, everyone. Let's share with you the differences and connections between online auction and traditional auction. Many people don't know yet. The following is a detailed explanation. Now let's have a look.

The difference between online auction and traditional auction lies in the different channels and methods. Online auction is a way to conduct online transactions through the Internet. Online auction means that Internet service providers use Internet communication transmission technology to provide paid or unpaid Internet technology platforms for commodity rights holders or some rights holders, so that commodity rights holders or some rights holders can independently conduct online trading modes based on bidding and bargaining on their platforms.

The traditional auction is that the consignor sells the consigned goods publicly, and many customers bid. When no one bid higher, the final decision was made, indicating a deal. China's auction law confirms that openness, fairness, justice, honesty and credibility are the basic principles that auction activities must abide by.

This article is finished, I hope it will be helpful to everyone. If the information is wrong, please contact Bian Xiao to correct it.