Going 1 - 2 - SOLD!
Proxibid is an online auction platform that facilitates live and timed auctions, allowing buyers to participate in auctions remotely through the internet. An online auction via Proxibid typically follows the same basic principles as traditional auctions but takes place in a virtual environment.
Consignment Auction:
How it works:
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Registration: Participants must register on the Proxibid platform to create an account. This involves providing necessary information, including contact details and payment information.
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Auction Listing: Auction houses or sellers list their auctions on Proxibid, providing details about the items, auction format, and bidding terms.
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Preview Period: Many online auctions include a preview period during which potential buyers can view detailed descriptions, images, and, in some cases, videos of the items up for auction.
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Bidding: The actual auction takes place at a scheduled time. Bidders can place their bids in real-time during a live auction or submit bids in advance for timed auctions. The bidding process is conducted electronically.
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Live Auction Experience: For live auctions, Proxibid offers a real-time bidding experience. Participants can see current bid amounts, place bids, and compete with other bidders as the auction progresses.
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Timed Auctions: In timed auctions, items have a specific window of time during which participants can place bids. The highest bid at the end of the auction period wins the item.
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Payment and Settlement: Successful bidders make payment through the Proxibid platform. The auction house or seller then arranges for the delivery or pickup of the purchased items.
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Proxibid provides a secure and convenient platform for buyers to participate in auctions remotely, expanding the reach of auctions to a global audience. It is commonly used for various types of auctions, including estate auctions, equipment auctions, and more. Participants can join auctions from the comfort of their homes or offices, making the bidding process accessible and efficient.
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Please view the "Online Auctions" tab for direct & easy access to Proxibid.