The amendments to the Enforcement Act from January 2015 introduced a new legal manner of carrying out sales of movable property in enforcement proceedings - the electronic public auction, and from September of the same year, this method of sale is also used in bankruptcy proceedings. The electronic public auction process is carried out by the Financial Agency, and in more than eight years of application of this auction system, there have been several amendments to legal and by-law regulations in order to increase efficiency and transparency of the sale process using digital technology. The purpose of this paper is a comprehensive presentation of the electronic public auction system through theoretical presentation of the legislative framework, participants in the process, electronic public auction´s IT system, financial aspect of sales, detailed presentation of the process of carrying out the sale via electronic public auction according to the type of proceedings and through the electronic public auction´s practical exmples and also by analyzing data on conducted electronic public auctions. The aim of this paper is, through the analysis of relevant professional and scientific literature, legal and by-law regulations and using scientific methods while writing the paper, to question efficiency or inefficiency of the electronic public auction system. It can be concluded that the electronic public auction system is contemporary and modern compared to previous court auctions, but such system must be developed and changed continuously in accordance with well-intentioned suggestions of the profession and participants themselves.