The difficulty of live online-auctions – art market insight

Auctions have become a current feature on the Internet. However, their appeal is not comparable to the excitement that reigns in the brick-and-mortar sales rooms. Whoever assisted PUMA Shoes Sale a real auction sale will agree to that web alternatives are PUMA Shoes Sale bleak alternatives. There are parallel feelings and conclusions in the controversy about reading print on paper and reading pixels on screens. The real thing is so much better but the online world so more efficient. However, this emotional reaction is not the most important difference.

Non-live auctions on the PUMA Shoes Sale Internet are lacking in excitement simply because one of the most attractive features of auctions is radically changed. Whereas traditional auctions are instantaneous and played out at the spur of the moment, Internet auctions are vexing because of the pre-defined and all decisive ending hour. ‘Second thoughts’ are hence impossible, i.e. decisions on the spot when the bidder sees his maximum met with or being exceeded. To change one’s mind at the crucial moment is natural and evident as the market is made at that very instant.

Thanks to the telephone, long distance participation in auctions has a long history. The peripheral booths of major sales rooms are still brimming with intermediaries bidding live for third parties. When watching their activity in the auction room PUMA Cat Shoes one can’t help to conclude on the low efficiency of live telephone intermission. Live on-line bidding has recently begun to compliment the conventional triangular affair between the floor, the telephone bidders and the auctioneer handling absentee bids. To be as close as possible to the action is of course what every collector wants and this is the principal reason why complimentary Internet bidding is gaining ground.

Live auctions on the Internet have been attempted by many and the most known live auction venue is without doubt eBay Live. The announcement of the imminent cessation of their activity has provoked some commotion in the community and alternatives will certainly pop up from other players on this market. The real problem with eBay-live was the difficulty of transcribing the real auction excitement to the screen. The result was a rather blunt and boring interface missing in everything that calls up the auction thrill. PUMA Sports Shoes It is in the closure that the difference is marked between real and on-line auctions; and closure is everything in auctions. Until this ultimate sophistication of the real live sales venue can be recreated on the Internet, i.e. when virtual auctioneers can somehow feel ‘the temperature of the virtual room’ before allotting, real-life auctions in brick-and-mortar venues will keep the upper hand.
BLOOD PRESSURE: THE BASIC FACTS

Leave a Reply