Another family took over the Cellinis' house, winning it through an online auction platform called Homesearch.
The company earns money by providing the auction platform to government agencies like the Veterans Administration.
Covisint was set up by General Motors, Ford Motor and DaimlerChrysler last year and runs an auction platform to help members cut supplier costs.
From 2013 to 2015, revenue more than tripled in the unit that includes the auction platform and other services.
A For the most part, the auction platform works best when you're closing out inventory, in the latter stages of the project.
But Taobao, one of the main portals of Alibaba, China's e-commerce giant, has operated an auction platform since 2012 for assets seized by courts.
But Nationstar went ahead and listed the home for sale on Auction.com, an outside auction platform that has split fees with Nationstar.
Lendr Lendr is a reverse-auction platform for mortgages.
The seller can use online auction platform to show their products by using multimedia technology with the help of the traditional auction intermediaries and platform service providers.
When eBay acquired Skype, executives said its communications services would be integrated into the company's auction platform.
We look forward to helping Catawiki build a global online auction platform".
