Product Overview
Live & Webcast Auctions
A live & webcast auction will have an Auctioneer at a venue selling to either the audience in the room who have specifically attended the sale or to buyers bidding live on the internet over our webcast system.
Sometimes the best solution for a client is to run a live auction. In this case, we offer buyers in various regions a chance to participate by streaming the event live via a high quality webcast. This enables bidders to participate in the live auction in real time from wherever they are. A live & webcast auction is preferable where you have a strong local marketplace or in certain industries where this method of sale is commonly used.
The Auctioneer commences the sale at lot 1, accepting bids from the audience and selling to the highest bidder over the reserve price. The sale continues in sequence and finishes at the conclusion of the final lot.
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