WooCommerce already comes with everything you need to set physical and digital products. Thanks to the Ultimate WooCommerce Auction plugin, you can turn your website into an eBay-like marketplace. It lets you display products as auctions on your site.
The plugin has some of the most common features you’d expect to see on an auction website. For instance, your visitors can place bids or use Buy Now option. Users can set a reserve price for their products, cancel the last bid, edit & end live auctions, and set incremental value for items.
The pro version lets you automatically relist expired auctions, add silent auctions, and use automatic time extension to avoid sniping. You can try this plugin for free.