How do online-only auctions differ from traditional live auctions?

In a live auction, bidders gather in one place and the auctioneer calls the bids, with items selling in seconds. Online-only auctions run for a set period, often several days, and bidders place bids from a computer or phone until the closing time.

Online sales can reach buyers far beyond your town, which helps with specialty items and collectibles. Many use a soft close, which extends bidding briefly if a bid comes in near the end, so last-second sniping does not cut people off.

Live auctions still work very well for real estate, farm equipment, and community events where the excitement of the crowd pushes prices. Many companies now combine the two, letting online bidders compete alongside people in the room. Ask which format the company recommends for your property and why.