online auctions waa
TRANSCRIPT
Online AuctionsUpdate
January 9, 2016
Randy Ehli, CAI, GPPA
Idaho Association of Professional Auctioneers
Online Auctions In
Todays Marketplace
Who is not doing online auctions
Growth in online auctions
Innovation in online auctions
Transforming your auction business
Why are e-bays auctions down
Consumers / Bidders
Convenience Shopping
Sellers!
Ebay Auctions down 31% -3rd QTR
Amazon
Yahoo and others
Online auctions on the rise.Within The Auction Industry
Bid Spotter - October 2015
Live Web Cast Auctions – 95 Current Auctions 1,121 Past Auctions
Online Auctions – 77 Current Auctions 824 Past Auctions
Bid Spotter – January 2nd,2016
Live Web Cast Auctions – 51 Current Auctions
Online / Timed Auctions - 58
Sellers on Bid Spotter
Traditional Auction CompaniesRichie Brothers
https://www.equipmentone.com
Christie's - Spent 50 million to ramp up
for online auctions.
Many Major NAA Auction Companies
Alliances like marknetalliance.com
Live Auctions 169
Online Auctions 778
InnovationReal Time Bidding Platform.
Responsive Design – Versus an APP
Online Chat System
Watch List – Add items to list in one click
Real Time Bid Watcher
Current Bids are updated in real time.
NO REFRESHING
GO Mobile
The smartphone is not mobile –
Your bidders are.
The IPad came out just 5 year ago.
Over 30 Percent of the bidding is now done
on mobile devices.
The next mobile network
The next mobile network.
5G - 50 to 100 Times faster than 4G LTE that we have
now
3 to 5 years out
Verizon is hoping for 2017
Wi-Fi CERTIFIED Passpoint
Other Trends Extended Bidding
NAA still advocating Live Auctions withWebcast as the best method.
Cloud Computing
More auction lots being sold in one auction.
Online Auction Trends
Shorter Selling Times
When to Sell
Less Patience
“Customer Experience”
Secure Web Site / SSL
Online auctions are not just for niche auctions.
Online Auctions WorkDynamic Pricing
Convenience
Cost Effectiveness
The ball is back in the auction industries court.
Bid Online – Pick Up In Store
Scalable Business Model