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Why Tri-State Auctions?

Online vs. Traditional Auctions

 


While the "live" auctioneer’s chant is a tradition, modern technology has made Online Auctions the superior choice for maximizing value and convenience.

1. Global Reach vs. Local Footprint

  • Online: Your items are visible to thousands of registered bidders across the country (and the world). We aren't limited by who can drive to the auction site that day.
  • Traditional: Limited to the people physically present in the room or on the property. Bad weather or a local event can significantly decrease turnout and final prices.

2. Convenience & Bidding Flexibility

  • Online: Bidders can participate from their phone while at work, at home, or on vacation. Features like "Max Bidding" allow the system to bid automatically on their behalf, ensuring they don't lose an item because they were busy.
  • Traditional: Requires bidders to block out an entire day to stand in a crowd. Many high-value buyers prefer the anonymity and efficiency of bidding from their computer.

3. Extended Bidding (The "Anti-Snipe" Advantage)

  • Online: We utilize Soft Close technology. If someone bids in the final minutes, the clock automatically extends. This prevents "sniping" and ensures the item sells for the absolute highest price the market will bear.
  • Traditional: When the hammer falls, it’s over. There is no way to "re-open" a bid if someone was a second too late.

4. Detailed Data & Transparency

  • Online: Every bid is timestamped and recorded. Sellers receive a detailed digital manifest of exactly who bought what and for how much, providing a clear paper trail for estates and organizations.
  • Traditional: Record-keeping is manual and prone to human error during the "heat of the moment" in a live crowd.

5. Reduced Liability & Logistics

  • Online: Fewer people walking through a private residence or facility reduces the risk of property damage or personal injury. Marketing happens through high-quality photography rather than hundreds of people "browsing" in person.
  • Traditional: Significant crowds on-site require more staff, security, and insurance coverage.

 



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