Teaming up with eBay Premier creates a winning combination, and offering the Live Auctions tool allows us to provide a new value added-service to our auction house partners and users. In addition it will enable eBay Premier to expand its Live Auction capability to potentially become the defacto standard for live real-time bidding. In addition, it has online audio streaming capability on selected auctions. Bidders must first sign up for the event online as a registered eBay user, and comply with the auction house's user verification requirements. Before placing bids using Live Auctions, users can browse auction house catalogues for upcoming sales.
Users place bids before and during a live event.
Once received, these bids are sent instantaneously to the saleroom during each traditional auction. It is the independent connection to the world's auction houses, dealers and galleries. Founded in 1994, it was the first company dedicated to trading art, antiques and collectibles on the internet. Today it represents more than 300 of the world's leading auction houses, and 650 of the world's most reputable dealers and galleries. On a typical day thousands of items are available to bid for and buy on the site.