Live online auctions.
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Thread: Live online auctions.

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    Live online auctions.

    Has anyone bid on an item in a live online auction?
    The auctions I have been I have attended, the bidding moves so fast, how could someone bit on line & not be behind the live bidding?
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    2LaneCruzer's Avatar
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    Quote Originally Posted by ChrisR View Post
    Has anyone bid on an item in a live online auction?
    The auctions I have been I have attended, the bidding moves so fast, how could someone bit on line & not be behind the live bidding?
    I bought some guns from the estate of my best friend a few years back; I don't recall there being a problem with the live bidding, in fact, I'm not sure there was any live bidding going on. As I recall, it was all done online, and after a certain deadline, a few minutes allowed after each bid until the bidding stopped by itself.
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    There is a live dealer machinery auction taking place Monday in northern Indiana. They will stream the auctioneer online during the live auction. People will be able to place bids online while the auctioneer is selling the items live.
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    I follow a number of them. That's were the autopsy table came from. It's more knowing what you are willing to spend and when to hit send. I use several tabs with bids ready to be placed. My last tab is the max I'm willing to pay. If you are using redneck Internet you might be placing bids after the auction. Bid low and give it a try.
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    Unless it is specified as a LIVE auction, there is no problem in your bidding. Usually you can see how many bids have been made and how they have progressed in pricing. I have done several of these auctions. One was only a quarter mile from me, but it was all on-line. I bought my golf cart there. Be aware, that last minute bids are usually continued past the deadline to allow for all last minute bids to be made.

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    I think there’s a difference between live auction where folks can attend & bid online vs an online only auction.
    Richie Bros does live(in person & online simultaneously) moves pretty fast. I believe they allow you to set your max bid prior to the start & they move in set increments.
    I do a couple local auctions that do an in person/online bidding. Usually move at a pace decent enough to play along online. There are also some online only with preview days prior to sale.
    I’ve also bought a few items off Big Iron, but try to stay within the state of Colorado.


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    Quote Originally Posted by ZachinCO View Post
    I think there’s a difference between live auction where folks can attend & bid online vs an online only auction.
    Richie Bros does live(in person & online simultaneously) moves pretty fast. I believe they allow you to set your max bid prior to the start & they move in set increments.
    I do a couple local auctions that do an in person/online bidding. Usually move at a pace decent enough to play along online. There are also some online only with preview days prior to sale.
    I’ve also bought a few items off Big Iron, but try to stay within the state of Colorado.


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    Thanks to everyone for the replies.
    My only experience with online auctions was Ebay. This was nothing like that.

    The auction was a attend in person & online bidding simultaneously. I could have done a proxy bid prior to the start of the auction. With this being my first time & not understanding all of the ins & outs, I chose not to. I was surprised how much it was like being at the auction. I could hear the auctioneer, although not very well. They had a picture of the item being sold on the screen. They also displayed the current bid & had a button with a dollar amount already in it for the next bid to be placed. The only difference from being at the auction was that you could not enter a custom bid. You had to enter their amount. The auctioneer gave plenty of time at the end of the bidding for someone to place an online bid.

    They had a JD 3120 tractor & loader with about 750 hours on it that I thought I might like to buy. The down side to bidding online is that they add a 5% buyers premium that they add to the winning online bid. They did have a $1,000 dollar limit on the buyers premium. I had a dollar amount I was going to spend, before including the 5% buyers premium & sales tax. It started out at almost that. So I never bid at all.

    It was a learning learning experience for me. Next time I will know how it works. I am sure glad I did not drive the almost 4 hours to get there dragging a trailer only to come home with an empty trailer & out a lot of money for travel costs.

    This is a screen capture of the auction page.
    Attached Thumbnails Attached Thumbnails BidCaller.jpg  
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