An online auction is a type of auction that takes place on the internet, while a live auction is a traditional, in-person auction. In an online auction, bidders participate remotely and submit their bids electronically, while in a live auction, bidders are physically present and bid by raising their hand or using a bidding paddle. Online auctions can be accessed from anywhere and are often run for longer periods of time than live auctions, which are typically one-time events.

A live auction is a traditional type of auction where bidders are physically present and bid by raising their hand or using a bidding paddle. The auction is conducted by an auctioneer who calls out the item for bid and manages the bidding process. Live auctions typically take place in a designated auction room, and can be for a wide variety of goods, such as antiques, art, real estate, and even vehicles. The live auction is a fast-paced and often exciting event, as bidders compete in real-time to win the item they desire.

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