Live auctions are physical auctions that take place onsite at a specified location, with or without an onsite audience.
Auction Network’s online platform allows you to participate in live auctions in real-time, bidding against competing bidders that may be either onsite or online.
A real life auctioneer operates these auctions, and makes sure that communication to all bidders is clear and consistent. You can even ask questions about individual items, lots, or the auction itself.
Live video and audio of the auction is made available to all online bidders, providing an immersive experience for you to enjoy the excitement of the auction from wherever you’re most comfortable.
Sometimes live auctions are held without any onsite audience – all auction participation is done online. This is known as a live virtual auction.
In live auctions, bids can be placed in a few different ways: over the phone, online, or on-site (non-virtual only).