What types of auctions are there?

We have three different types of auctions that we offer. Each one is listed below with a brief explanation.

Live Webcast Auctions

Live webcast auctions are onsite auctions that are broadcast online for the bidders to be able to hear and follow the auction remotely. Typically an audio and video stream is used for this type of auction. Bidders are able to participate both onsite or online.

Live Online Only Auctions

Live Online Only Auctions are similar to the live webcast auctions with a slight difference. They are broadcast online through audio and video stream for bidders to hear and follow the auction. Bidders are only able to participate in these auctions remotely, even though they are able to see and hear the auctioneer live on camera, there is no live bidding available onsite.

Timed Online Only Auctions

Timed Online Only Auctions are auctions with automated closing and extension times. Online bidders are able to place bids on the lots from the start date till the end of the auction. On the last day of the auction, the lots have a count down that extends if bidding is still ongoing. The purpose of a timed auction is to mimic a live auction in an automated and online only format. Timed auctions do not have audio or video streams.