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IronPlanet's LiveStream Bidding Featured in Equipment World Magazine

Posted by IronPlanet on Sep 12, 2016 8:12:56 AM
IronPlanet intros LiveStream online bidding for on-site auctions 
Wayne Grayson 

To complement on-site auctions the company added through a merger with Cat Auction Services last year, online equipment auctioneer IronPlanet is introducing what it calls LiveStream bidding.


The feature allows bidders to log into IronPlanet and bid alongside on-site auction customers in real time. The announcement comes just more than a week after Ritchie Bros announced that it will acquire IronPlanet for $758.5 million. Ritchie Bros. has allowed live online bidding at its on-site auctions for some time.


However, IronPlanet says a key element to its LiveStream bidding is that it will allow customers to place PriorityBids. This will allow online bidders to set a maximum price they are willing to pay while the IronPlanet system automatically places the lowest bid amount required for them to win.


LiveStream bidding will also allow online customers to hear and see the on-site auctioneer, view inspection reports, add multiple machines on the auction block to watch lists and set up one-click bidding.


Read the full story HERE

Topics: In the News

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