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Discount ring A paid online auction is something both buyers and sellers can benefit from. The Internet is an invaluable tool in today's word for both personal and professional interactions. An auction site online takes it to the next level by creating an online marketplace. Everything from a computer auction to a book auction can be found. discount ring A live bid online auction can often be a better choice for you than using a traditional auction house to make your purchases. Before we get into the why and how of it though, a bit about what we mean when we say live bid online auction is in order. We're discussing here a traditional auction with a real, licensed auctioneer who calls the bids as they come in, but the whole thing is conducted online rather than in person.