A virtual auction house is an online platform that allows users to buy and sell goods. eBay is one of the most popular virtual auction houses, allowing users to bid on items and purchase them at a fixed price. eBay has been around since 1995 and has become one of the most successful online marketplaces. It offers a wide variety of products from electronics to clothing and even cars. eBay also provides buyers with protection against fraud and other risks associated with online transactions.