Uploaded on Feb 16, 2022
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Traditional Auctions vs Auction Bidding Websites
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.
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