(Rotterdam Netherlands.) www.52Marketplace.com today announced its partnership with the Open Source Auction Network (OSAN) and will begin offering its customers all new reverse auctions with group buying technology in addition to its existing online auction and marketplace services. TheHighBidder.com, Backwardbids.com, BidChaser.com and BuySellTrades.com are in partnership with the Web’s first network of online auctions, the Open Source Auction Network (OSAN). More information on the new network is available at www.o-san.net.

The OSAN partnership was formed to increase shared traffic among the partner Web sites, thus offering their sellers a larger customer audience. Most importantly, the partnership’s unique technology will enable online auctions to gain considerable market share. In addition,
o-san.net will be the first online auction house to offer a new auction service that group’s buyer together—a winning situation from either side of the auction table. Consumers gain deeper discounts, while sellers are promised a greater return on investment than would be expected at other, single-source online auctions, such as eBay® ,QXL, Amazon or Yahoo auctions.

The “Reverse Auction-Group Buy” (RAGB) technology is the first auction application to group buyers together who would normally bid against each other. RAGB will also save sellers thousands of dollars in listing fees by enabling them to unload massive amounts of inventory per transaction and pay based on actual sales rather than per auction listing.

“Here at www.52Marketplace.com we are always on the lookout for new ideas that will better serve our customers and the addition of reverse auctions with group buying power will add tremendous value to 52Marketplace.com said, Pierre van der Meij, 52Marketplace.com’s “CEO”

52 Marketplace, the easiest and cheapest way to sell items offers sellers and buyers convenient non-registration advertising placement and no listing fees for articles under $200. 52Marketplace.com will begin offering reverse auction-group buys in addition to its existing services to help sellers reach a larger customer audience by networking with OSAN.

www.52Marketplace.com customers may post free reverse auctions by completing a short online form that is submitted to the OSAN database. The system then scours the Open Source Auction Network looking for buyers who want the same products. As matches are found, the system forms buyer groups, enabling sellers to submit their best price quote based on the total number of buyers. The results: Discounts for buyers and more sales for sellers—a happy ending for both sides.

www.52Marketplace.com, OSAN, its partners and Reverse Auction-Group Buy technology now add even greater value to the popular auction industry by offering a flexible marketplace that is safe, fun and memorable—and more profitable than ever.







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