Our On-line service benefits both buyer and seller.
People from all
around the globe can participate in the bidding easily when these
auctions are held live on the Internet, so the chances of getting a
bigger selection of bidders is increased. Likewise, buyers are more
likely to find the items they want thanks to online auctions. Just as
there are millions of bidders, there are also millions of sellers with a
wide-range of items up for auction. Another benefit is that the prices
are determined by competitive bidding so sellers can usually earn a
better price for their goods than if they choose a fixed-price
marketplace. While this may seem like a disadvantage for buyers, it
isn't always. In many cases, buyers have been able to walk away with a
nice deal on the item they really wanted thanks to strategic bidding.
They are unlikely to get such a bargain in a fixed-price marketplace,
even if the seller is willing to engage in price negotiations.
of both types of auctions is that they save both buyers and sellers
time. For the buyer, he or she doesn't have to devote hours, weeks, or
longer trying to track down an item. Instead, they can sit at their
desk, search for the item, and make an offer within minutes. Sellers
don't have to worry about setting up displays in trying to lure in
customers. They simply create a product description, we post it using
the auction software, and wait for the bidders to show up. Also,
since the entire auction process is automated, the auction can be going
on while the seller deals with other business.
Another advantage to buyers who cannot attend the
internet auction in person—or simply do not have an opportunity to bid
live using your computer—you may leave a proxy bid via our dynamic
auction system. Your bid is automatically represented up to your maximum
bid amount, using increments that the auctioneer has set prior to the
live auction. Your anonymity and security are assured, and let you place
a bid even when you cannot attend the sale. The auto-bid feature is a
convenient way to leave your bids once the auction has been posted live