Auction

     

     

    Overview of an auction

    If you’re new to industrial auctions, rest assured—it’s a time-tested process that has evolved over 470 years, ensuring fairness, efficiency, and transparency.

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    An online-only auction takes place only online. Bidding activity takes place on the internet over a set period of time and there are no in-room, telephone or absentee bidders.

    The main difference between a live auction and online auction is that a live auction occurs in real time where a online auction is automated for a given amount of time and takes place solely online.

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