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has gloss | eng: A bidding fee auction, also called a penny auction, is a type of auction in which participants must pay a non-refundable fee to place a small incremental bid. When time expires, the last participant to have placed a bid wins the item and also pays the final bid price, which is usually significantly lower than the retail price of the item. |
lexicalization | eng: Bidding fee auction |
instance of | e/Business model |
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Swedish | |
has gloss | swe: Öresauktioner är en speciell typ av auktion på internet som har inslag som gör att den kan liknas med ett lotteri. |
lexicalization | swe: öresauktion |
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