The Internet auction is a marriage of a traditional mode of doing business
and 21st century technology. Since bursting onto the scene in
1995, Internet auctions have become a popular way to buy and sell anything
from ant farms to zithers. The online auction market was estimated to be
a $15.5 billion industry in 2001. At the same time, the Consumer
Sentinel, a complaint database developed and maintained by
the Federal Trade Commission, received 51,000 complaints of auction fraud
in 2002, involving claims of $37 million in lost money.
This website, the product of a collaboration between the Honors Scholars
of Chicago-Kent
College of Law and the City
of Chicago's Department of Consumer Services, through funding
from AT&T, will
give you advice on avoiding and remedying fraud. This site has commentary
for you to read that will teach you everything including the types of auctions,
the safest ways to pay, and what to do if the buyer or seller doesn't live
up to their end of the bargain. When you feel like you've read enough and
are sufficiently online auction savvy, try your hand at our online auction
quiz game "The Auction Watchdog Challenge!" for a chance to win
a swanky new Chicago-Kent t-shirt.