What Are Live Auctions?
The on-site auction is an auction method in which bidders come to the site to bid in person, and the auction occurs at the auction site. On-site auctions are also called traditional auctions.
Live auction
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- The on-site auction is an auction method in which bidders come to the site to bid in person, and the auction occurs at the auction site. On-site auctions are also called traditional auctions.
- The on-site auction is hosted by the auctioneer. The on-site auction procedure is: [1]
- On-site auction, also known as traditional auction, is an auction method in which bidders come to the site to bid, and the place where the auction occurs is the auction site; online auction, also known as new type of auction, refers to the way in which the bidder bids through the Internet. The place where the auction occurs is an electronic computer. [2]
- (1) The spatiality of the two is different
- On-site auctions are usually conducted in a fixed place, occupying a certain amount of natural space, that is, where the auction activities are held; and online auctions are conducted using electronic computers, so they do not occupy any natural space, that is, locations without auction activities.
- (2) The concentration of personnel is different between the two
- On-site auctions usually take the form of a public assembly. One or more auctions are organized by the auction organization, so the personnel are concentrated. Online auctions do not take the form of public assemblies. The bidders participate in the auction through a computer. Therefore, personnel were scattered during the period.
- (3) The regulatory status of the two is different
- At present, domestic laws and regulations on on-site auctions are relatively complete, which is conducive to maintaining the order of transactions, regulating on-site auction behaviors in accordance with the law, and preventing related risks. At present, domestic laws and regulations on online auctions are not yet complete, so they cannot effectively maintain transaction procedures and regulate online Auction behavior is also not conducive to preventing related risks.