Traditional Auctions vs Auction Bidding Websites

The rise of auction bidding websites can be attributed to two main reasons – convenience and the restrictions imposed worldwide due to the Covid-19 pandemic. From an analysis of the two, these factors can be understood better.

In traditional auctions, people are packed into halls, the items for bidding are displayed on tables, and the proceedings are deftly handled and speeded up by a paddle-wielding auctioneer. There is a lot of fun and excitement and the bidding is often feverish and competitive. On the downside, participants have to make time to commute to the event and take part. While being inconvenient, it has to be remembered also that Covid-19 strict social distancing norms restrict free movement.

At auction bidding websites, the whole process s conducted remotely and anybody with an Internet-enabled device like a smartphone, tablet, or laptop can take part from any corner of the globe while on the go. This increases manifold, the convenience levels of taking part in events over auction bidding websites. Such auctions are not limited by time and the participants can bid 24x7 across time zones.

There is a lot of difference in the bidding process too. In traditional auctions, attendees are present physically while on auction bidding websites, bids are placed online. This is very convenient too as participants can carry on with their daily chores during the auction. It is not necessary to be tuned in always to online auctions. After a bid is placed, a notification is sent to that person when it is crossed by somebody else. The original bidder can then choose to place a higher bid or drop out. Bidding at auction bidding websites is that simple and convenient.