Online AuctionsUpdate

January 9, 2016

Randy Ehli, CAI, GPPA

Idaho Association of Professional Auctioneers

Online Auctions In

Todays Marketplace

Who is not doing online auctions

Growth in online auctions

Innovation in online auctions

Transforming your auction business

Why are e-bays auctions down

Consumers / Bidders

Convenience Shopping

Sellers!

Ebay Auctions down 31% -3rd QTR

Amazon

Yahoo and others

Online auctions on the rise.Within The Auction Industry

Bid Spotter - October 2015

Live Web Cast Auctions – 95 Current Auctions 1,121 Past Auctions

Online Auctions – 77 Current Auctions 824 Past Auctions

Bid Spotter – January 2nd,2016

Live Web Cast Auctions – 51 Current Auctions

Online / Timed Auctions - 58

Sellers on Bid Spotter

Live Auctions

http://www.bidopia.com/

Online Auctions

http://www.bidopia.com/

Traditional Auction CompaniesRichie Brothers

https://www.equipmentone.com

Christie's - Spent 50 million to ramp up

for online auctions.

Many Major NAA Auction Companies

Alliances like marknetalliance.com

Live Auctions 169

Online Auctions 778

New Competitors

Auction Time

Iron Planet

Auction Zip

Public Surplus

Bid Venues

Others

InnovationFirst – What don’t we like about

online auctions.

Innovation

Innovation

InnovationReal Time Bidding Platform.

Responsive Design – Versus an APP

Online Chat System

Watch List – Add items to list in one click

Real Time Bid Watcher

Current Bids are updated in real time.

NO REFRESHING

Innovation In Online Auctions Software

Sellers

Bidders

Outbid Notices

Payments

Auction Companies

Real Time Bidding

Real Time Status

Real Time Status

Real Time Status

Real Time Bid Watcher

Trends In Mobile

GO Mobile

The smartphone is not mobile –

Your bidders are.

The IPad came out just 5 year ago.

Over 30 Percent of the bidding is now done

on mobile devices.

62% Mobile

The next mobile network

The next mobile network.

5G - 50 to 100 Times faster than 4G LTE that we have

now

3 to 5 years out

Verizon is hoping for 2017

Wi-Fi CERTIFIED Passpoint

Other Trends Extended Bidding

NAA still advocating Live Auctions withWebcast as the best method.

Cloud Computing

More auction lots being sold in one auction.

Online Auction Trends

Shorter Selling Times

When to Sell

Less Patience

“Customer Experience”

Secure Web Site / SSL

Online auctions are not just for niche auctions.

Online Auctions WorkDynamic Pricing

Convenience

Cost Effectiveness

The ball is back in the auction industries court.

Bid Online – Pick Up In Store

Scalable Business Model

Transforming An Industry

What is an auction?

Don’t Take My Microphone Away