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AucProBid
Wilmington, United States
B
11-50 Employees
2019
Key takeaway
AucProBid is a cloud-based SaaS platform that revolutionizes eAuctions and eProcurement, allowing users to host live auctions and manage complex tenders easily. It provides tools for creating templates and generating insightful business analytics, ensuring a secure and user-friendly experience for bidders.
Highlighted product
Core business
AucProBid - Auction and Procurement
Rangi Lalls
New Delhi, India
D
11-50 Employees
1895
Key takeaway
Rangi Lalls is a prominent auction house in Old Delhi, known for being a trusted auctioneer for the Government of India and various private companies. They offer online auction services, highlighting their modern approach to the auction process.
Highlighted product
Core business
Online Auction
Auctiontech
Berlin, Germany
A
1-10 Employees
-
Key takeaway
AuctionTech, founded by former members of Auctionata, offers a digital auction and offer management solution specifically designed for real estate sales. Their mission is to make auction technology accessible to various sectors, including real estate, art, and luxury markets.
Highlighted product
Core business
AuctionTech
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Storage Bidder
United Kingdom
A
1-10 Employees
-
Key takeaway
Storage Bidder specializes in both live and online auctions, partnering with the UK's leading professional auctioneers to facilitate the auction process. They offer a range of services including auctioneers, equipment, and online bidding, making it easy for business sellers to auction their items.
Highlighted product
Core business
Storage Bidder – Buying and selling in bulk made easy
AuctionSoftware.com
Richardson, United States
B
11-50 Employees
2002
Key takeaway
The company provides comprehensive software and support for building successful online marketplaces, including auction solutions for various products and services. They offer expertise in different types of auctions, such as live auctions and penny auctions, ensuring a robust platform for auction-related activities.
Highlighted product
Product
Live Auction Software, Reverse Auction Software, Penny Auction Software, Auction Software
We still firmly believe that the Live Auction or Webcast, we have the stable, Reliable and best Live Auction, with the skill of AuctionNeer and Best Auction Software
Auktion & Markt AG
Wiesbaden, Germany
A
251-500 Employees
1988
Key takeaway
Auktion & Markt AG is a medium-sized, owner-managed company based in Wiesbaden, which regularly offers interesting positions, particularly in its auction centers across Germany.
Highlighted product
Core business
Auktion & Markt AG
Netauktion
Gothenburg, Sweden
A
1-10 Employees
-
Key takeaway
Netauktion.se is an online auction platform that specializes in the valuation and sale of various assets, including bankruptcies, estates, inventories, machinery, tools, and entire businesses.
Highlighted product
Product
Netauktion - Vindor
Auktioner på nätet. Försäljning kursförvaltare, myndingheter och företag.
DotEcon
London, United Kingdom
A
1-10 Employees
1999
Key takeaway
DotEcon positions itself as a comprehensive resource for auctioneers and bidders, providing innovative tools and strategies to enhance the auction experience.
Highlighted product
Service
Auction software | DotEcon - Economic Consulting
DB Auctions Limited
Middlewich, United Kingdom
A
1-10 Employees
2016
Key takeaway
DB Auctions offers a comprehensive and friendly service for auctioning items, handling everything from preparation to marketing and delivery. They emphasize transparency and accurate product descriptions, ensuring potential buyers have all the information they need before bidding.
Highlighted product
Core business
DB AUCTIONS
Auction Marketer
Northampton, United Kingdom
A
11-50 Employees
2016
Key takeaway
The company specializes in providing innovative auction technology that enhances the auction experience through digital transformation. Their software solutions offer a comprehensive platform for managing live and timed auctions, optimizing bidder engagement, and delivering real-time data, making it a valuable resource for auctioneers.
Highlighted product
Core business
Auction Marketer - Auction House Software
Specialist auction software suppliers for auction management solutions, auction back office, private label bidding software, timed online only auction software, mobile responsive web sites and digital marketing for auctioneers.
Technologies which have been searched by others and may be interesting for you:
An auction is a public sale in which goods or property are sold to the highest bidder. Participants submit competitive bids, and the item is awarded to the individual or entity that offers the most money. This process can occur in various formats, including live events, online platforms, or sealed bids. In addition to traditional items, auctions can also involve real estate, art, and collectibles. The auctioneer plays a crucial role, facilitating the bidding process and ensuring that all participants adhere to the established rules. This method of selling can create a sense of urgency and competition, often resulting in prices that reflect true market demand.
An auction is a structured process where goods or services are sold to the highest bidder. Typically, the auction begins with an item being presented, followed by bidders placing their offers, which are often made in increments. The auctioneer or platform managing the auction oversees the process, ensuring fairness and transparency. As bids are submitted, participants can see the current highest bid, which encourages competitive bidding. The auction concludes after a predetermined time or when no further bids are placed. The highest bidder at the end of the auction wins the item and is obliged to pay the winning bid amount, often plus any applicable fees. This dynamic environment allows both buyers and sellers to engage in a fair market setting.
1. Competitive Pricing
Auctions often lead to competitive pricing as potential buyers bid against each other. This dynamic often drives the final sale price higher than the initial listing, benefiting sellers.
2. Broad Market Reach
Participating in an auction can expose items to a wide audience. This increased visibility can attract more bidders, ultimately enhancing the likelihood of selling items quickly and at favorable prices.
3. Time Efficiency
Auctions typically have set durations, encouraging swift decision-making among bidders. This timeframe can expedite the selling process, allowing sellers to finalize transactions in a shorter period compared to traditional selling methods.
4. Transparent Process
The auction process is generally transparent, with all bids publicly visible. This transparency can build trust among participants, as both buyers and sellers can see the competitive bidding history.
5. Excitement and Engagement
The competitive nature of auctions can create excitement and engagement among bidders. This stimulating environment may encourage higher bids, benefiting sellers and enhancing the overall experience for participants.
1. English Auction
This is the most common type, where bidders openly place increasing bids. The highest bidder at the end wins the item.
2. Dutch Auction
In this format, the auctioneer starts with a high price that decreases until a bidder accepts the current price. The first bidder wins the item at that price.
3. Sealed-Bid Auction
Bidders submit private bids without knowing others' offers. The highest bid wins, but the specifics of the auction can vary by format.
4. Absolute Auction
This type occurs without a reserve price, meaning the item goes to the highest bidder regardless of the bid amount.
5. Reserve Auction
In this case, the seller sets a minimum price that must be met for the item to be sold. If the highest bid doesn't meet this reserve, the item may not be sold.
1. Register with the Auction House
To participate in an auction, individuals must first register with the auction house or platform. This often involves providing personal information and agreeing to the terms and conditions.
2. Understand the Auction Process
Familiarizing oneself with the auction process is crucial. This includes understanding bidding increments, reserve prices, and any applicable fees. Knowledge of the auction format—whether live, online, or sealed bid—also enhances participation.
3. Set a Budget
Before bidding, it's important to establish a budget. This helps prevent overspending and ensures that participants remain within their financial limits throughout the auction.
4. Attend or Monitor the Auction
Participants can either attend the auction in person or join online if it's a virtual event. Active monitoring of bids and remaining engaged is essential for making timely decisions.
5. Place Bids
During the auction, individuals can place bids according to their strategy. They should be prepared to adjust their bids based on the competition and the value of the items being auctioned.
Some interesting numbers and facts about your company results for Auction
| Country with most fitting companies | Germany |
| Amount of fitting manufacturers | 1092 |
| Amount of suitable service providers | 1805 |
| Average amount of employees | 11-50 |
| Oldest suiting company | 1895 |
| Youngest suiting company | 2019 |
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Some interesting questions that has been asked about the results you have just received for Auction
What are related technologies to Auction?
Based on our calculations related technologies to Auction are Home Furnishing & Decor, Luxury Goods, Fast Moving Consumer Goods, Food, Sport & Entertainment
Which industries are mostly working on Auction?
The most represented industries which are working in Auction are Other, IT, Software and Services, Real Estate, Retail, Consulting
How does ensun find these Auction Companies?
ensun uses an advanced search and ranking system capable of sifting through millions of companies and hundreds of millions of products and services to identify suitable matches. This is achieved by leveraging cutting-edge technologies, including Artificial Intelligence.
