435%
Return on Investment
74%
Higher Hammer Prices
280%
Growth in Sales
Grow Your Business with Automated Timed Auctions
Auction houses such as Hindman, Alderfer Auction and Nye & Company are maximizing their earnings on LiveAuctioneers through timed auctions with reserve prices.
This technology is proved to be the most efficient option in the market, with an average sell-through rate of 82%, 224% higher than those seen in other online bidding platforms.
LiveAuctioneer’s Timed Auctions enable auction house partners to:
- Run auctions without the need of a live clerk.
- Collect bids on your website and on LiveAuctioneers.
- Simulate the energy of a live auction.
- Minimize the possibility of human error.
Grow Auction Revenue
The Most Engaging Timed Auction Service in the Market
Auction houses have seen a 17% increase in sell-through rates via timed auctions on LiveAuctioneers, with 45% more growth than that seen on other platforms like Invaluable.
Timely outbid alerts, simulated live auction clerking, hidden reserves, and mobile app bidding are just some of the ways LiveAuctioneers ensures average hammer prices 74% higher than those seen in timed auctions on other platforms.
There is no denying that LiveAuctioneers has helped our auction company expand our business. Since we started using their online auction service, our prices have only increased. We have seen thousands of people look at our auctions and have received hundreds of absentee bids, and this is just for one auction! Having several of these auctions has only proved that we are reaching a broader audience than we could have ever imagined.
We just held a ‘country store-style’ auction a few weeks ago. Many items sold to online bidders for 2x or 3x the value that we could have gotten here at our auction house. Some items had 30-60 bids; the majority of the bidders were online. It is hard to believe the whole world is watching your auction house, but it is true. Working with LiveAuctioneers has been a great experience.
Cortney Milbourne
Conestoga Auction