Auction House – Buying Methods

June 10, 2017 Facebook Twitter LinkedIn Google+ Online Auction

Tired of paying retail? Looking for ways to save but don’t know where to start? Auction houses are becoming an increasingly popular and reputable place to purchase. Don’t be put off if you aren’t a pro at bidding. Technology and consumer need is driving change and providing you with more buying options.

Recognising the need to better service buyers, a number of auction houses have developed multiple buying methods for their customers:

Traditional Auction

A traditional auction is held at an auction house at a specified sale day and time. In order to participate, you must register your details and use an allocated buyer number throughout the auction. Bids are generally lodged by raising your hand to confirm the auctioneers asking amount.

Real-Time Auctions Online

The internet allows auction houses to accept bids live in real-time via the company website. Bidders are participating in traditional auctions from the comfort of their home or office. Participants hear the auctioneer’s voice, see images of the vehicles and monitor the bidding as it progresses. A simple click of a button will lodge your bid and put you in the running to win your item.

Fixed Price

Many Auction houses now offer purchase prior to auction, also known as Fixed Price selling. Inspection is available at the auction branch during business hours. It’s a great way to save thousands on items without actually having to bid. There is no haggling involved, below retail pricing and a huge range to choose from at all times. Fixed Price items are a great buying alternative for people who aren’t confident with the bidding process but are interested in taking advantage of an auction houses lower pricing options.

Online Auctions

These auctions are strictly online only, extending over a fixed period. Bids are lodged by submitting the maximum amount you would be prepared to pay and the system will bid up to this amount for you. It’s another great alternative for consumers who feel real-time auctions are difficult if they are inexperienced hagglers.

Whatever your preferred purchasing method, auction houses have evolved their sales channels to provide you with options, range, and huge savings.

Pickles Auctions are Australia’s largest auction group, holding regular offline and online auctions of used cars and general goods.

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