Auction-Experts web auction software is suitable for a great many types of auctions, and is therefore used for a great many types of auctions. During the past ten years, almost anything that can be auctioned has at least been auctioned once with the help of Auction-Experts.
Types of auctions
Sale by auction: The most commonly used auction type is sale by auction. A bid is placed on a lot, and other bidders can subsequently place a higher bid. Bidding stops when bidding time has elapsed; bidding time can be set per auction and per lot.
Sale by Dutch auction: An offeror asks suppliers to supply a good or a service; various bidders can bid on these goods or services, and the supplier with the lowest offer is allowed to supply. There are many ways to use this type of auctioning.
Bankruptcies: In many countries bankruptcy auctions enjoy a special legal status. These auctions may be private or public, depending on the type of goods.
Real estate: By law, real estate falls under registered property in most European countries; also part of this category are large ships, airplanes etc. The auction ensures that the best possible price is taken from the market in a transparent manner. Formal sale is to occur by means of a deed, which is drawn up by a notary, and signed by all parties in the presence of the notary.
Liquidations: In many countries liquidation auctions enjoy the same status as bankruptcy auctions.
Commodities: These auctions are usually private, more often than not high amounts are involved. Only bidders who have been admitted to the auction by the auctioneer are allowed to bid. We have build reliable solutions to make sure only the right bidder can bid. Read more….
New products: Companies often struggle in determining the right price for a new product. All they need to do is include these new products in various auctions, and they will have the ultimate market research in hand.
Over stocks: Many companies are adversely affected by overstocks; a well-organised auction helps to solve this problem.
Rights: Rights represent value, so they may be auctioned. We have ample experience with CO2 certificates and Green Energy rights, to name but a few examples.
Holidays: Just like hotel stays, holidays are services with a unique ‘best before date’. When the capacity isn’t fully utilised, any contribution immediately realises a profit.
Trips: Every unsold chair in a plane, train, bus or boat is a lost sale. The sale of empty seats makes ‘last minute’ auctions possible.
Services: In addition to goods, a great many services are ideal for auction as well. Both sale by auction and sale by Dutch auction are applicable here.
Private: At private auctions anything may be auctioned, the big difference being that only selected participants are allowed to bid here.
And what not? The sky is the limit!