Uploaded on Feb 9, 2022
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The Functioning of Silent Auction through Mobile Bidding
The Functioning of Silent Auction through Mobile Bidding
The rise of silent auctions has been slow and gradual. The advent of the
Covid-19 pandemic and the resultant lockdowns and social distancing
norms have left traditional auctions in the lurch. No more are people
allowed to gather at halls and bid feverishly for items. Even though the fun
and excitement of these auctions are missing statutory regulations have to
be followed. To avoid the scenario where people have to be in halls
cramped together, a setting of mobile bidding silent auction is now the
preferred route for fundraisers.
There are several areas of difference between a traditional auction and a
mobile bidding silent auction. Since readers will be all too familiar with the
former, the focus here will be on silent auctions.
Silent auctions are events where nobody calls out the bids. In physical
silent auctions, the bids are written on a sheet of paper kept before each
item on display. In Internet-based events, mobile bidding silent auction is
conducted. It is called so because the auction is conducted silently via
websites that use specialized software to do so and the bidding is done
through any Internet-enabled device such as a smartphone, laptop, or
tablet.
How is a mobile bidding silent auction carried out through the
websites?
The main difference with the usual auctions is that the items
are not physically displayed. Instead, photographs of the goods
are uploaded on the websites. People have to register first for
the online auction before being eligible to participate in the
event. They can verify the items at leisure and decide which to
bid for on the day of the auction.
A mobile bidding silent auction is cost-effective to organize as a
lot of expenses are saved – hiring of a venue and an auctioneer
and transporting the items physically to the hall. Instead,
participants of a mobile bidding silent auction verify the photos
only, and the winning items are shipped directly from the
sponsoring merchants.
How does mobile bidding take place?
After logging in to the auction site participants can easily go
through the whole process of this online event. The most
convenient aspect here is that bidding can be done while on
the go or from any part of the world. Once you place a bid, you
have to wait until it is crossed by someone else following which
a notification will be sent to you. At this stage, you can either
opt to carry on or choose to drop out.
A critical benefit of mobile bidding silent auction is that you do
not have to constantly monitor the bidding. Set a maximum bid
price and you will be reminded about it when others reach that
level after bidding. The problem here though is that if the
bidding for your item stops well below your level you still have
to pay the enhanced bid for that item.
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