LiveAuctioneers.com Unveils Timed-Auction Product as Adjunct to Classic Real-time Bidding Platform

News provided by

LiveAuctioneers.com

16 Apr, 2012, 02:10 ET

NEW YORK, April 16, 2012 /PRNewswire/ -- LiveAuctioneers.com, the Manhattan-based technology company that provides Internet live-bidding capability to nearly 1,300 auction houses worldwide, has rolled out a new timed-auction platform. Known as LiveAuctioneers Timed Live (LATL), the specially designed platform allows for automated closing of auctions at a pre-specified time, an option particularly well suited to smaller or single-consignor specialty auctions.

"We believe the new timed-auction platform addresses a specific need in the marketplace by providing auctioneers with a way to conduct fixed-timed and eBay-style auctions," said LiveAuctioneers CEO Julian R. Ellison. "LATL can also be used as either a primary auction method or, in the case of larger, more-active auction houses whose core business is traditional auctions, as an auxiliary method of revenue generation."

LATL combines the timed style of online auctions with the customary live-bidding close that encourages auction participants to bid quickly and aggressively to ensure they win the lot they desire. Timed Live auction catalogs are posted to LiveAuctioneers.com as
normal. There, potential bidders can register and, if desired, leave absentee bids per the customary method. When the pre-announced date and closing time arrive, manual absentee bidding ceases and an automated clerking console launches, accepting both live bids and absentee bids.

"With the availability of this new platform, every auction house has another string to add to their bow and the potential for a great new revenue stream, but without having to make any change to their usual slate of live events," Ellison said.

LATL is the latest in a long list of successful technological and business innovations developed by privately owned LiveAuctioneers.com. Now in its tenth year of operation, LiveAuctioneers is a recognized pioneer in digital publishing for the antiques, fine art and auction sector. It is the parent company of AuctionCentralNews.com, known for its authoritative international coverage of auction and arts-related news and events. Another LiveAuctioneers offshoot company, LiveAuctioneers PR Services, is a boutique in-house publicity firm that creates custom-tailored promotional campaigns for auction houses.

Contact:  [email protected], tel. 800-600-BIDS (2437).

Online: www.liveauctioneers.com

SOURCE LiveAuctioneers.com

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.