As summer approaches, real-time online bidding heats up at LiveAuctioneers.com
Published June 4th, 2008
NEW YORK—Online bidding for traditional auctions continues to flourish, with LiveAuctioneers.com today reporting a significant increase in both Web site traffic and Internet sell-through rates of auction lots in May 2008.
The foremost destination for online participation in auction events worldwide, LiveAuctioneers.com provides Internet bidding capability to more than 700 auction houses in 13 countries, in conjunction with eBay Live Auctions.
Since eBay’s April 15 announcement regarding the December 31 discontinuation of its Live Auctions platform, LiveAuctioneers has seen traffic to its Web site quadruple. In addition, online sell-through of auction lots listed on the Web site has risen dramatically, with auctioneers who post auction catalogs on LiveAuctioneers.com noting an increase, on average, of 4 percent. The average online sell-through for traditional auctions that also include an Internet component is now roughly 25 percent of all lots listed.
“Having facilitated more than 80 percent of all auctions conducted on eBay Live Auctions over the past six years, it is our intent to not only essentially inherit the platform at year end, but to continue to grow and enhance the business,” said LiveAuctioneers founder and CEO Julian R. Ellison. “As evidenced by May’s growth, millions of buyers and collectors consider LiveAuctioneers.com the premier gateway to the world’s finest auctions – providing instant access to everything from antiques and fine art to industrial equipment and land.”
Traditionally for LiveAuctioneers.com, June is one of the busiest auction months of the year. LiveAuctioneers.com currently lists over 100,000 lots up for bid at more than 250 auctions. Through the Web site, visitors in any part of the world can view fully illustrated auction catalogs and place Internet bids, either live or absentee, in any of these sales.
About LiveAuctioneers.com
Founded in November 2002, Manhattan-based LiveAuctioneers.com provides real-time Internet bidding capability to 700 auction houses in a dozen countries. LiveAuctioneers.com has opened up once-exclusive sales to the cyber community, worldwide, through online publication of auction catalogs and Internet bidding. Similar to telephone bidding, buyers at remote locations can conveniently participate in auctions in real time from their computers as the auction is being conducted. There is no cost to register and no obligation to bid; anyone can watch the action online, in real time. For further information, log on to www.liveauctioneers.com.
