42 - Everything Agents Need to Know About Timed Auctions
We Are Selling with Lee Woodward
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How to Start an Online Auction Campaign
The starting bid, very important part of the campaign and again, very dependent on your state or territory's legislation. This is where you'll actually need your auctioneer's advice andyour auctioneer's input on this because it is actually the auctioneer that sets the starting bid. Bidders can bid as much as they like, but this is the minimum. So traditionally it starts off at a larger increment and then decreases towards the end of the auction to keep the interest going. And it can also be changed quite easily throughout the auction. The finished time, again, being the benefit of running it as an online auction or a digital auction, we can have that as short or as long
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