• Interactive bidding by customers and auctioneer on Internet (World Wide Web).

• Current bids immediately updated and displayed over the Internet

• Flat rates, no commissions for software services.

• Internet users may enter bids on line if a password is assigned by the auctioneer.

• Bidding rules (such as minimum raise) are defined by the auctioneer

• The system is customized to handle the auction bidding rules, including up-to bids (or left bids) which are enforced automatically with an up-to bid report.

• Bidders are provided with an on-line bid sheet which allows entry of new bids

• Comprehensive on-line help for the auctioneer and the bidders

• Background colors, designs and text colors can be customized for the auction web pages. Your logo can also be added to each of your web pages.

• Easily linked to your existing web site if you have one.

• The auctioneer controls closing the auction to the on-line bidders, but still has the ability to correct errors and enter call back bids after the close.

• The system will print out invoices including names, addresses, item descriptions, buyer premium, shipping and tax. Once the auctioneer marks the invoices as finalized they can be sent automatically by email to the bidders and are made available to the bidder when they sign in to the system. Invoices and sales totals are immediately available at the end of the auction and are always available throughout the auction.

• Call back feature by bidder request with a full report.

• Real Time Auction Market maintains the auction system and gives you complete support, 24 hours a day, for the duration of the auction, from the time the first bid is entered until the invoices are completed.

• Unsuccessful bidder report.

• Multiple item feature with report of potential sales results based on number of items sold.  Calculations are based on actual bids or lowering bid to lowest acceptable bid with "what if" results.

• Results data available for loading into your accounting system.

• On line addenda which can be updated by the auctioneer as needed.

• Bidding,  catalog addenda and bid reporting for wireless communications.

• Optional automatic closing of bidding, each item can close at separate times with automatic time extension when bids are posted near the end of the period.

• Full searchable on-line catalog with color photographs, descriptions, inventory numbers, estimates and showing the current high bid (or the minimum bid required). Bids can also be placed from the catalog listing.

• The ability to enter consignor data, with printing of consignor payment forms prepared by the system. These are created from custom consignor payment rules and the results of the auction.

• On line bidder registration with auctioneer monitoring of all registrations.

• Auctioneer can send email to all registered bidders.

• Optionally bidders can request that items be added to their watch list, which will appear on their bid sheet.

• Pick list report helps with the packing process.

• All bidder and consignor information remains available for each auction.

• The ability to view the current bid and raise it on the Internet should eliminate the frequently heard complaint from disappointed bidders regarding absentee auctions:
• "I would have paid more, but I couldn't get through on the phone."

• Less demand will be placed on your telephones from callers who simply want to check the current bid status.

• Many of your current bidders will switch to Internet bidding, enabling them to increase their bids more often.

• With less demand on your telephones, you will have more time to talk to the bidders who may require more information before they decide how much to bid, and therefore you can help them decide to bid more.

• Bidders who limit their list of inquiries over the telephone can now browse the current bids of all items, and find more items to bid on. This helps to boost the bids on items that might otherwise be "sleepers".

• Remote bidding and checking of bids via Wireless communication.

• No large investment in software or time to bring your auction on line.

Opportunity:

Over 50 percent of all households are now connected to the Internet. This number is expected to increase to over 90 percent by the middle of the decade. For auction customers, who are at higher income levels than the general public, the percentages are higher. It is estimated that currently at least 60 to 70 percent of the auction public is connected to the Internet at home.

As an example one of our clients held an auction where 89% of all bids were placed over the Internet directly by the customers.  Another auction had the current bid report page examined 11604 times.

The international market opens up to you, and your customers abroad are most appreciative of the Internet service. Overseas phone calls are no longer an issue. At your option, your auction page is advertised by us in all major search engines so that potential customers around the world can find out about your sale.

Use the newest technology to add excitement to the auction, enhance your bidders' ability to bid, and as a result increase your profits. Your Internet bidders are able to check the status of their bids as often as they wish, with the possibility that they might raise their bids each time.
 
 
 
 

Who we are:

The Real Time Auction Market

P.O. Box 3411   Ponte Vedra Beach, FL 32004-3411

(904) 834-2519

Click here to send us an email

Andy and Irene Kaufman, principals of Real Time Auction Market, each have over 25 years experience in the computer industry and over 20 years in the antiques business.
 
 

References:
 

Frank Speal	John Saddy	Jeff Wichmann
Frank's Antiques	Jefferson StereoOptics	American Bottle
Hilliard, FL 32046	London, Ontario, Canada	Sacramento, CA 95816
(904) 845-2870	(519) 641-4431	(916) 443-3296

 

Demo on the Internet:

There is a demonstration auction system now on line. It is located at:

http://www.absenteeauctions.com/demo/signin.html

You sign in using user name: DEMO

and password: DEMO

Note: DEMO must be in UPPER case letters in both cases.
 
 

How to try it:

Select "Create Item" on the Auctioneer Select Function page (Auctioneer’s Master Function Page.)

Create items in the catalog. Enter descriptions, and minimum or estimates if desired.

You may link the item in the catalog to a digital photo you already have on your own web page somewhere else on the Internet. Just enter the complete URL of the photo image file (start with http://www..... )

Hint: To get the URL of a photo on your web page, go to your page, right click on the picture - it should give you the URL address, size, etc.

Select "Create Bidders" on the Auctioneer’s Master Function Page.

Create bidders with passwords (mark whether they pay sales tax or not, enter their address if you want to see how it will look on the invoice).

Sign in as the bidder at URL:

http://www.absenteeauctions.com/demo/bid.html

Use the bidder you created with the password you created.

(note: the auctioneer's password also allows the auctioneer access to the bidder's pages)

Bid as a bidder. (you can bid, or just ask for updated bids).

Now Sign in as the auctioneer again (http://www.absenteeauctions.com/demo/signin.html)

remember the password and user name are "DEMO".

Select "Post Bids" on the on the Auctioneer’s Master Function Page.

Raise the bid for a different bidder.

Then look at the original bidder's bid page (signing in as above at http://www.absenteeauctions.com/demo/bid.html). You will see that the bidder is prompted with a box to raise the bid, and the minimum raise.

Sign in as the auctioneer as above at http://www.absenteeauctions.com/demo/signin.html, or use the Back button on browser to return to the Auctioneer’s Master Function page.

Click on the "Create Invoices" button. Keep in mind that the auctioneer can use this feature any time during the auction to see a bidder's invoice in progress.

Also the auction totals are shown at the bottom of the page, giving the auctioneer continuous, accurate and complete status of the auction.

Note: The "Close Auction" button is disabled in the demo, in order to keep the demo active.

Please feel free to play with all the options.

The actual system has more options and features than the demonstration auction. Please feel free to talk to us about what we can offer you.

If you encounter a problem with the demo area, please Click here to send us an email

We appreciate all feedback - please let us know your reaction to the demo.

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