How Online-Only Auctions Work
In an online-only auction, bidding occurs entirely via the internet, eliminating many of the expenses involved in live auctions. Online-only auctions aren’t intended as replacements for traditional in-person auctions, but as a tool that enables you to reach a new demographic at a low cost. Instead of holding merchandise and waiting for enough estates to make a profitable live auction, with online-only auctions you can upload multiple smaller auctions that are profitable for both you and the consignors.