Best Magento Auction Module

Magento Auction Module is one of the robust extension for managing a magento based auction site. Very strong extension to follow unique action rules.

This extension helps to create online auction for your Magento store. Like real auctions, customers can bid to get the products they want, you can totally modify the setting of the online auction such as: when it expires, Run auction for a product or run many auctions at the same time, “Going, going and gone” feature, Reserved price and Auto bid.
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Nice module but it is bit expensive as compared to the Market. Here is the one I can suggest too that is of 109$ and offers many advance Auction and bidding features.

For Details - Auction Extension By FmeAddons