Live Online Interactive Auction

A Live Online Auction is an online auction that happens as though it is being auctioned by an auctioneer (e.g. like auctioning a vehicle) but the whole activity is conducted electronically and interactive with the user. The date and time of the auction is system generated. All items are catalogued and are grouped. This allows the auction to be advertised online prior to the live auction to give notifcation to online users. As the Live Auction occurs details of the auction are onscreen and updated instantly as bids occur. The following features of the Online Real Time Live Auction will be available to buyers and sellers

• Upload your vehicle similar to classifieds.
• The ability to buy or sell stock via a Wholesale network through the Real Time Online Auction portal.
• Item remains at your location.
• Minimise transportation costs.
• Reduced cost to auction item.
• Remote location Auction.
• No Commission costs.
• Ability to generate your own Catalogue in a dedicated timeslot.
• Instant confirmation of auction results.
• Fully interactive bidding screen.
• Liquidate stock with ease
• User friendly, easy to use.
• Ability to offer public auctions.
• Change reserve on the fly during Auction "Sell Now" (patended).
• Only portal that can provide Live Online Only Auctions (Patented).
• Diverse product range.
• Multi-bid feature for bidding in multiple Auctions simultaneiously.
• Unique patented proxy bid feature. "iBidBuddy"
• Buyer Protection System "iBuyBuddy"