Bank Letters of Guarantee are a Waste of Time

Briefly, I am an avid auction buyer.  Every Monday I scope out the upcoming industrial auctions that incorporate online bidding.  If the auctioneer provides good photos and I like what I see, I will register to bid. Between Proxibid, Bidspotter and Market Alliance, I...

Turning Bidders into Buyers Part I

One of the most challenging parts of being a professional auctioneer is the search for active bidders. Over the next couple of weeks I am going to explore various ways to increase active bidding at your auctions. Make sure you subscribe to our blog via email so you...

Online Auctions – Where does the new Hypernet take us?

Online Auctions – Where does the new  Hypernet take us? It makes it possible for bidders to access your auctions from anywhere at any time. Furthermore, it allows you to manage and run your auction business in new ways.Only 5 years ago, Microsoft Windows ran on...

eBay is NOT an auction site

The idea of eBay as an auction website is nothing more than clever e-commerce marketing. As a professional auctioneer, eBay is a regular part of my lexicon. Many people I talk to commonly associate online auctions with eBay. eBay has done well marketing their service,...

Why Mobile?

I was asked the other day why we released mobile apps (iPhone and Android) for our auction cataloging solution?  The answer was simple. We want to make it even easier to catalog using the Wavebid platform. By making Wavebid fully mobile, we are giving our clients...

The Importance of the Lot Description Part II

Writing auction descriptions for online buyers is different than live auction buyers. Many auctioneers fail to include the basic information to get active online bidding. There are three basic elements to build a quality description: make, model, and serial number....

The Importance of the Lot Description

The Importance of the Lot Description There is no doubt setting up an online auction is a lot of work. Historically, in a traditional live auction, catalog descriptions were not overly important; once at the auction site on the day of the sale buyers could simply look...

Industry Changing Technology – What to do about Online Auctions?

The Internet is starting to make its presence felt on the live auction industry as more live auctioneers add online auctions to their business mix. Like other industries before it, digital is bringing change to the auction Industry. What we are seeing as a result of...

Are photos the key to online auctions?

It is the professional responsibility of an online auctioneer to give potential buyers all the information they need to make an informed buying decision. If you try to make an item appear better online than it is in person you are not acting professionally. If you...