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3 Unusual Formats For Auctions on eBay


eBay users are accustomed to only two "standard" formats for sales on eBay: either the 'regular' auction which involves bidding and waiting; and the Buy It Now, which is an instant purchase.

But there are three other formats that are less well known.

1. Live Auctions

Before eBay, the traditional auction included live bodies in chairs and an auctioneer up front (talking so fast he was frequently unintelligible). Any buyer can still participate in these live auctions via eBay. Live auctions are a hybrid - a buyer is 'sort of' present in a live setting yet is at home using an Internet connection.

The products for sale are usually expensive and unusual. There are such items as expensive and unique coins, Asian art, native American artifacts, incredible jewelry, costly furniture, memorabilia from major sports stars and even history. Today, for instance, there are documents signed by John Quincy Adams, Andrew Jackson, James Madison and Ulysses Grant (he confides that he was strenuously opposed to the "wicked" war with Mexico).

If you choose to participate in a live auction, be certain that you register first because you can't just drop in on a whim.

You can find all the details here: http://www.eBayliveauctions.com

2. Private Auctions

Private auctions are similar to the typical auction that we're all familiar with except for one detail - the identities of the bidders are kept secret. Only the seller has access to the names.

Why would anyone create a private auction? It's usually for one of three reasons:

* The item is quite expensive and buyers might be uncomfortable having others know they can afford such merchandise. Their concern about their financial status is most likely misplaced because it is quite possible to distance yourself from eBay contact information, but much of selling is about perception.

* The buyers might be embarrassed by the nature of the merchandise.

* Some sellers habitually use private auctions to make it harder for their competition to snoop on them.

3. Restricted Access Auctions

This is usually for sales of "adult" items. The main purpose is to prevent children from seeing this kind of merchandise, and is similar to having covers on racy magazines at store checkouts.

To bid on these items, the buyer must:

* Be 18 years old

* Must have supplied credit card information to eBay. The theory is that no one under 18 can get a credit card and therefore cannot get into these sections.

* Agree that he is voluntarily accessing restricted access auctions

In addition, restricted auctions are excluded from the Featured pages. So if you are a seller using this format, your listing will be harder to find.

Even though they are less well known, these three formats for auctions on eBay still account for tens of millions of dollars in sales each year. If they suit your business model, you might consider them.

Sydney Johnston has been an eBay seller since 1996 and is the originator and teacher of the famous 'Auction Genius Course'. She is the author of the best-selling auction book on the Internet, 'Make Your Net Auction Sell' and offers an 11 Day Course that teaches how to sell on eBay: http://www.auction-genius-course.com/11days.shtml


TODAYS NEWS BY OFFICEJAX FREE ADVERTISING AND AD EXCHANGE SOLUTIONSAUCTION NEWS and resources updated Sun. September / 23 / 2018 

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The Australian Financial Review

No buyers for Paddington terrace once owned by Malcolm Turnbull
The Australian Financial Review
There were plenty of onlookers and some buyers, but no one wrote a cheque at three auctions The Australian Financial Review attended on Saturday. Nearly 80 people turned up for the sale of 44 Goodhope Street, Paddington, once owned by former prime ...



Domain News

Fitzroy terrace soars $340000 above reserve in Melbourne's 'Super Saturday' of auctions
Domain News
A terrace house in Fitzroy soared $340,000 above reserve on Saturday as property sales in the inner suburbs got a shot in the arm from a surge in auction listings. The renovated Italianate balcony terrace, at 32 Gore Street, was quoted at $3.2 million ...



Domain News

Value-hunters thick on the ground at Sydney's weekend auctions
Domain News
The bidding at some auctions was slow and cautious. But young buyers, in particular, are engaging in wide-ranging research of price trends and swooping on any listing that looks like a bargain. Cunninghams' managing director John Cunningham said all ...

and more »


South China Morning Post

Hong Kong auction houses hope for a bumper autumn, despite economic jitters amid US-China trade war
South China Morning Post
The auction house will be hoping its top lot – a Qing-dynasty falangcai poppy bowl, valued at HK$200 million – will garner the same enthusiasm Qian Weicheng's Qing-dynasty scroll did at a Sotheby's sale in April. Qian's Ten Auspicious Landscapes of ...
China tightens embrace of Hong Kong with bullet train, other mega projectsReuters
China's bullet trains are coming to Hong Kong: Here's what travelers can expectCNN
Hong Kong express rail link launches amid controversyBBC News

all 569 news articles »


The Australian Financial Review

'Some resilience' in auction market amid spring surge
The Australian Financial Review
The spring housing market has shown a degree of resilience as a surge of properties flooded in, ahead of football and rugby finals next week. With 2,404 homes taken to auction across the combined capital cities this week, the preliminary results show a ...

and more »


Overheated auction scene: What are we to do when our heritage is for sale to the highest bidder?
INQUIRER.net
“Fools rush in where angels fear to tread” can be applied to the people trying to cash in on the overheated auction scene in Manila. A lethal cocktail of too much liquidity and low interest rates has made the art market a seemingly viable place to park ...

and more »


The Australian

Comcast beats 21st Century Fox with $53bn bid for Sky in rare auction
The Australian
Because of the auction's setup, a sealed-bid auction in which neither side knew what the other was bidding, Comcast paid £1.61 per share, or about 10 per cent, more than needed to beat Fox. Professors of game theory, the branch of math that studies how ...

and more »


Wall Street Journal

Comcast Beats Out Fox to Acquire Sky
Wall Street Journal
If Fox had won this weekend's auction for Sky, Disney would ultimately have taken 100% control of the pay TV company. Instead, attention will now turn to whether Disney will sell the 39% stake in Sky—its value has increased by the bidding competition ...

and more »


Business Standard

We're betting on India's middle market of art: Edward Gibbs of Sotheby's
Business Standard
Indian clients are spending more on art auctions these days, so it's “a good time for us”, says Edward Gibbs, chairman for Middle East and India at auction house Sotheby's. Gibbs, who advises private, corporate and institutional collectors worldwide ...



CNBC

Comcast outbids Fox in a $39 billion takeover of Sky
CNBC
Comcast outflanked rival Twenty-First Century Fox in a $39 billion takeover of British broadcaster Sky on Saturday, submitting a much higher bid in a rare three-round auction that pitted two of America's largest media companies against one another. The ...

and more »

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 free online ebooks tips news how to articles home remedies Auction Information, Tips, Reports, & Articles:

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Probably just like you, I had an overwhelming desire to spend more time with my family and friends, doing the things that are important to me and living a comfortable lifestyle without financial worries ? and yes, less time working to pay for it!!! So with my quest to find financial freedom, I "googled" my way through searches looking for ideas on how I could fulfill this desire with minimum effort and expense. After all, I wanted to make money not spend it! I had aspirations of making wad loads of cash so my family & I could truly enjoy the pleasures of life - together.


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Four Huge Mistakes eBay Sellers Make (Even Some Moderately Successful Ones)
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Make BIG MONEY on eBay - Your Unlimited Cash Cow
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5 Sure-Fire Ways to Make More Money on eBay
Have you ever dealt with a salesperson or a waiter who gave you unbelievably good service? How about someone who didn't seem to care about you one bit? Which of those people would you go back to the next time you needed to make another purchase or eat another meal? I'm willing to bet you would go back to the business or person who gave you great service. Have you ever considered that this same principle applies to your eBay sales? One of the easiest ways to get more sales on eBay is to make every buyer think "Wow, I've never had such a good experience buying on eBay!" Once someone has bought from you and had a good experience, they're much more likely to buy from you again.


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Is Your Trash Cash? 5 Easy Places to Sell Your Stuff
The old adage that says "one person's trash is another person's treasure" never goes out of date. So when you're looking for some extra spending cash and you want to make some space in your home, combine the two endeavors by selling your stuff instead of donating it or trashing it.

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