Active Auctions

AUCTION BENEFITS

FOR SELLERS:

• The auction creates a sense of urgency and leads the interested parties to a quicker decision;
• Auctions create maximum visibility of the product. Auctions are a concentrated event, therefore recognition and effort is more visible;
• Auctions increase competition for the product among buyers, resulting in higher prices;
• Auction is the fairest way to sell;
• The seller sets a specific date, time and place for the sale of the product.

FOR BUYERS:

• Buyers know that the seller is committed to sell;
• The buyer knows that he is getting a fair market price for the product, set at a public auction;
• The buyer has full control over the amount he is willing to bid to purchase the product;
• Auctions reduce the length of negotiation time between the seller and the buyer;
• During an online auction, the buyer is not limited by the company’s working hours.