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Online AuctionsUntil a few years ago every buyer at a auction had to be present in the auctioning rooms to be able to buy the products (flowers, fish etc.). In the early days auction required the buyers to sit in stands pushing the button for their purchases on a central clock. The products appear in front of the clocks so everyone can see the batch to be sold.
Later on the buyers still sit in the stands pushing the button for their purchases, but the products are replaced by images of the items to be sold in order to keep the products in cold stores to prevent from heat, frost or damage by tomuch handling.
An online auction works with remote buyers who only require an internet connection. This is the second generation of online auctions, as the current auctions can run from any PC/Laptop with an internet connection and don’t require installation of software on the client anymore. This improves mobility of buyers.
Virgil can help you to setup a real-time web-based online auction for remote buyers who only require an internet connection, just like a trading solution for within the financial industry. This is the latest generation of online auctions, as this auction can run from any PC/Laptop with an internet connection only and don’t require installation of software on the client anymore. This improves mobility of buyers and increases the number of potential buyers.
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