Posts Tagged ‘Water Sports’

Online Auction Sites Where The Bid Lowers The Auction Price

September 25th, 2022

Imagine if you were bidding on a car or any top brand product… and your bid… did get to zero! Forget it… it won’t happen. Someone will zap it up before that possibility!

With these auctions… the item starts off at the normal sale price… and then goes down with each bid. So if it reaches a price that someone is happy to pay… that’s it… sold. Really… won… would be more accurate.

Reverse Auctions

To continue the same scenario as above,Guest Posting while an item price is being bid down… there could be twenty people biding. Out of those 20 bidders… 5 bidders may be looking at paying… say… $500 for the item. All five bidders claim the bid at $500. In this case the online auction sites use a special formula to decide the bid winner.

Another auction bid type is the unique reverse auction. As the name suggests the above scenario does not happen. The bid has to be ‘unique’. To add to that… there are two variations.

1. Highest unique bid… unmatched at the close of the auction… wins the biding.With these the maximum bid is set at a below normal sale price.

2. Lowest unique bid… has to be unmatched at the close of the auction. Another couple of bidders could of each bid… an identical lower price,but their bid would not be unique. With this type of auction the starting price would be at the normal sale price.

You can see that internet technology is the catalyst for these auctions. Offline… the purpose of an auction is to attain the highest possible bid price. The Collins Dictionary defines an auction as ‘a public sale where articles are sold to the highest bidder’. The emphasis with reverse auctions… seems to be more on its competiveness… as opposed to the actual price.

Auction Services

March 22nd, 2022

Auction services first priority is in providing a fair, honest, and enjoyable auction experience for all who attend. Whatever the reason for selling items, whether it’s the loss of a family member, an estate settlement or just the sale of a few items, one needs to trust the auctioneer who sets up the full suite of auction services. Some of the auction services provided by leading auction houses include an online auction preview that contains digital images of the items going up for bid. There are always ways to create an E-mail list to notify people of the upcoming auction. Some services offer auctioning throughout the year such as business liquidations, real estate, estates, charity and benefits events. They will also generlaly handle absentee bidding for those who want to bid on an item but cannot be present at the auction.

Auctioneers who use Live Auctioneers’ online services have access to many bonus features and a full complement of automatically generated aids that can be accessed through the password-protected ‘back end.’ Among those features are invoicing, auto feedback, nonpaying bidder status, outbid notification to eBay users who have left absentee bids, weekly electronic newsletters, image processing and hosting, editing suites, end of auction status, bidder approval flexibility, block bidders, eegular bidders atat tracking, fully automated category indexing and category lists, help files, title builder, keyword assistance, complimentary catalog for your Web site, live help 24 hours a day, fully computerized real time acutions, fully insured packing and hauling and a whole lot more.

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