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Online Auctions Bring More Bids And Higher Prices
Online auctions are increasing in popularity and bringing higher sale prices to both auction firms and consigners.
RALEIGH, NC, August 20, 2011 /Internet PR News/ -- NextLot's online auction platform is increasing the number of bids per item and, in turn, bringing higher prices. The company, which specializes in online auction software, has seen the impact online bidding can have on an auction event first-hand.
During a recent equipment auction, online bidders were responsible for pushing the price of bids up by 15%, amounting to over $470,000 in increased revenue. NextLot's easy-to-use live webcast platform enables remote bidders to bid online along with onsite bidders in real-time. In this particular auction, online participants not only raised the prices for many of the items sold but also placed winning bids for 25% of the total auction, contributing $747,200 in sales. With internet bidding growing in popularity, offering an online option is becoming more valuable. Auction firms who offer online bidding are able to increase the sale prices for consigners and, in turn, earn higher commissions.
With more and more online bidders logging in to place bids, it is becoming evident that online bidding is here to stay. The healthy competition between remote and onsite bidders is sure to continue to benefit auction firms in every industry by bringing more bids and higher prices.
About NextLot, Inc.: NextLot provides auctioneers with a fresh approach to online-timed and live webcast auctions by providing extremely easy to use, privately branded software for three main auction formats: Timed Auction, Webcast, and Pre-Bid. NextLot believes that auctioneers' most important assets are their buyers and that these assets should not have to be shared with their competitors on a public portal. NextLot users build brand loyalty while enjoying full control of their customer base, and avoiding exposure to competition. NextLot's ability to offer "Best of Breed" products and work hand in hand with auctioneers has enabled NextLot to become a leading online software provider. For more information on NextLot, Inc and services offered please visit www.nextlot.com.
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Press Release Contact Information:
Ashley Stallings
NextLot Inc
Client Relations Coordinator
7780 Brier Creek Parkway
Raleigh, NC
US 27617
Voice: 9193611111
Website: Visit Our Website |
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