Quote:
Originally Posted by ruth-gehrig
My most favorite online auctions are "live" in the sense that lots are presented and close lot by lot. None of the major sports auctions use liveauctioneers but I believe Hunts Live auctions use invaluable.com which is similar. With liveauctioneers typically auctions with a thousand or more lots will close over a few days. I can track my lots and bids through the app and will get notified when outbid and even the day of the auction to remind me of the start time. Sometimes I can watch the auctions that I'm interested in but if I'm busy or working I dont worry about it. As long as I've thrown a bid on a lot I'm interested in I'll get a phone notification 15 minutes before my lot comes up. Some of these auctions can be attended live. I dont see why some of the big players in the sports auction arena dont take this approach.
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Can't speak for other auctions but there are a number of reasons. First liveauctioneers is on someone else's platform which isn't attractive to those of us who have nightmare situations on similar software. You are giving up control of the process to a corporation that may or may not get back to you in an emergency, solve problems quickly etc.
2nd 3000+ lots even at only 2 minutes per item would be more than 4 days. I'd be terrified of people losing interest, missing items they wanted etc.
I do live auctions as well, and I'm a big fan of them as a buyer too, but there's a reason that most sports auction houses run variations on the same theme. It has worked, and appears to be the best way to get the most possible bids. You will continue to see tweaks, and maybe someone with little to lose may attempt a paradigm shift, but it would be very odd to see a massively successful company scrap a system that is working.
01-31-2020, 06:37 PM
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