Free Garage Sale allows you to create your own web auctions by creating virtual garage sales. You add individual items to a garage sale and then can advertise a single web address (URL) in your local community which contains all the items you have for sale, displays the current highest bid, a BUY IT RIGHT NOW price and whether or not the current bid has met the reserve price.
Auctions can be an excellent way to acheive the highest possible price that the marketplace is willing to bear for an item you may be selling. An excellent example of this was the auctioning of frequencies for third generation (3G) mobile telephone services in 2000. Almost $100 billion was raised by the German, British and American governments. (46 billion USD for Germany alone) No other type of selling mechanism would have yielded anywhere near these types of profits.
The incredible popularity of eBay and other auction sites is a testament to the success of this format and the benefits it provides both buyer and seller. The problem with most of these sites though is that you have to pay to list items and then you enter into a legal contract with the buyer or seller. In certain situations, neither of these is desired. Free Garage Sale takes a much simpler approach.