While many companies usually operate in one or more of these areas, Customer to Customer businesses operate only within that specific area.

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This fee generally ranges from 1.25 percent to 5 percent of the final sale price.

After the C2C site sets up the system in which bids could be placed, items can be put up for sale, transactions can be completed, seller fees are charged, and feedback can be left, while the C2C site stays in the background.

Auctions have since widely used a method of liquidating assets, and has evolved into many different variations.

The most successful current form of auctions is based on the internet, such as e Bay.

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Newspapers and other similar publications were in frequent circulation and therefore were able to be used to facilitate a common need.

Some people wanted things, other people had things and wanted to sell them. The use of classifieds is referred to as classified advertisement.

The oldest auction house is Stockholm Auction House (Stockholms Auktionsverk), which was established in Sweden in 1674.

Auctions however, have been recorded as far back as 500 B. Deriving from the Latin word aug─ôre, which means to "'increase' (or 'augment')".

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