Insider's guide to online auctions - benefits and different types.

The Insider’s Guide to Online Auctions: How Digital Marketplaces Connect Buyers and Sellers

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What Are Online Auctions?

An online auction is a virtual marketplace where Jones Auction & Realty will work with the seller to  list their property, and potential buyers place competing bids over a specified period with fixed start and end times. Unlike traditional in-person auctions, these digital platforms allow participants to buy and sell from the comfort of their homes, allowing participation across time zones.

Online auction bidding formats

  • Traditional Bidding - buyer incrementally raises the price and the highest bid at auction’s end wins.
  • Proxy Bidding – buyer sets a maximum bid amount and the platform automatically increases bid incrementally. This can protect buyers from emotional over-bidding.

 

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Benefits for Buyers

  • Competitive pricing
  • Wide variety of unique items
  • Transparent bidding process
  • Opportunity to acquire rare goods & properties

 

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Benefits for Sellers when working with Jones Auction & Realty

  • Reach broader audience
  • Potentially higher selling prices
  • Have over 65 years of experience and a commitment to exceptional service and a proven track record of success. We offer personalized service and in-depth knowledge of the local market to maximize the value of your estate assets.
  • Trusted Reputation: Our commitment to integrity, fairness, and exceptional customer service has earned us a strong reputation in the community.
  • Local Market Expertise: We possess in-depth knowledge of the local market, allowing us to maximize the value of your estate assets.
  • Personalized Service: We understand that each estate is unique, and we tailor our approach to meet your specific needs and goals.
  • Comprehensive Services: In addition to online auctions, we offer appraisal, estate cleanout, real estate sales, and donation coordination services.

Whether you're a collector seeking a rare treasure, a casual buyer looking for a great deal, or a seller wanting to reach a global audience, online auctions offer unprecedented opportunities in the digital age, Call Jones Auction & Realty - where personalized service IS our business!


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