Auction Technology
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The online business around the world is into billions of dollars. And one of the
important part of this online business is
Online Auctions. Products can be purchased and sold on online auction sites everyday, through these Auctions, you can sell anything. Basically
Live Global Bid &
Bid Stream’s primary role is to play an intermediary role of a catalyst helping companies sell their products and excessive inventory online cost effectively and maximize their returns.
"Online Auctions Allow Geographic Boundaries To Be Knocked Down."
WHY AUCTIONS?
- Auction is the most accelerated form of asset disposition.
- An auction generates excitement and heightens buyer interest.
- Auctions create competition among pre-qualified buyers
- Auctions create intense demand and exposure where the highest bidder wins.
- Auctions realize the products true market value. No limit on upside potential.
- Auctions can convert your products into cash in as quickly as 7 days.
- Auctions reduce carrying costs as a definite timetable for the sale of the items is set.
- Auctions are cost effective there are no negotiations or contingencies
- Auctions offer a fair, transparent and open marketing program.
- Auctions are not filled with promise they are the “real deal”
Founded in 1999,
Live Global Bid is a leading provider of online auction software. The
Live Global Bid technology provides a high quality, real time simultaneous video and audio broadcast of a live auction event allowing online bidders to interact and compete directly against floor bidders.
 Live Global Bid expands your auction audience allowing on-line bidders to experience the fast paced excitement of a live auction event. Our easy to use system and friendly and courteous customer support will enhance your auction buyers' experience and your consignors will enjoy increased prices. The LGB technology can be customized to meet the needs of any auction business and is currently in place in various industries including automotive, heavy equipment, live animal, real estate, memoribilia, collectables, antiques and art.
Equine United holds the exclusive license for the technology for Australia & New Zealand.
Our technology has been integrated into auction management systems worldwide and in diverse industry cross-section such as; automotive, heavy equipment, livestock, antiques and art. Our technology opens doors to a worldwide or private close-circuit audience adding significant growth potential to your business. We currently run over 1800 auctions a month on behalf of our clients who sell billions of dollars through the LGB system yearly.
Our customers will use our proprietary technology in their auction houses to simulcast their auctions to their customers. Our technology allows for 2 way bi-directional communication via the Internet. Our system permits simultaneous audio and video feeds to all participating Internet users from any location with the necessary connection. Our software is used to create Internet auctions to rapidly liquidate inventory, increase asset value, significantly improve inventory turnover, test price points for new products, create a new distribution channel, and increase tertiary businesses.
Live Global Bid has the
fastest response time in the market with no discernable delay to the end user (averaging <360 millisecond) and therefore each bidder (in-house or on-line) is an equal participant. With an even faster 100 millisecond bidding response time, your
online buyers are on an even playing field with your ground bidders.
Live Global Bid is a cost effective method that facilitates the sale of products through an open, interactive and transparent auction environment. This independent process allows the customers to confidentially deploy the software for their own proprietary business. The customer remains firmly in control of their business while using LGB’s software as a business tool. As a tool, the system is very flexible, and can be customized to meet the needs of each customer.
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