Description: Online auctions operate on the same principles as the real auctions, but they have the mass appeal, which reaches out to the ordinary Internet users. They are an easy and fun way to buy a product of your choice. Hearing of auctions always used to bring up visions of a grand room, with the auctioneer standing on a raised platform, taking bids from dressed up people in a dignified manner, and slapping his hammer with a bang on the table every time some one won a bid. It used to.