Royal Auction Services Launches Exclusive Internet Auction Module
Internet Bidders to vie with Floor Bidders using the company's exclusive Live Auction Website
Chase City, VA (PRWEB) June 4, 2005 -- The live auction industry grew to a
whopping $217.2 billion in sales in the year 2004, according to The National
Auctioneer's Association.
"Combine the rising popularity of live
auctions with the growth potential of the Internet, and you can see why
traditional Auction Houses need to take their auctions online" says Jim Francis,
President of Royal Auction Services, a traditional full-service auction house
based in Virginia.
The Internet Live Auction market is currently
dominated by the likes of eBay Live.com and ProxyBid.com. However, there is
plenty of scope for traditional brick-and-mortar auction houses, which can
provide a wider range of services and facilities to its customers.
"A
full-service auction house can provide much more than a platform for buying and
selling online" asserts Francis. Currently in its fifth year of operation, Royal
Auction Services is in the final stages of implementing its Internet-based live
auction module. But the company is no newcomer to the area of live auctions,
with two generations of live auction experience and an auction facility that is
"one of the largest in the area."
Citing 'Service' as their competitive
edge, the company boasts of facilities that no Internet-based auction company
can match, including:
- Spacious live auction facility.
- Capability
to conduct auctions at the consignor's site.
- Several acres of secure,
fenced-in storage area at the Chase City Fairgrounds.
- 10,000-sq. ft.
retail store for year-round display and direct sales.
- Several large
tractor-trailers to move heavy machinery, excess inventory or an entire estate
in one trip. Smaller trucks and trailers for smaller consignments.
-
Dedicated online auction module and phone bidding service.
- eBay trading
assistance for small or unique consignments, with daily UPS pick-up and freight
services.
- Option to purchase direct from sellers
- Experienced staff to
serve the needs of businesses, financial organizations, local government,
professionals and individual consignors.
"While our primary aim is to
enable remote bidders and consignors to participate in our live auctions," said
Francis, "We were surprised that a remarkable number of local buyers wanted to
bid online," he added.
"Despite being a registered trading assistant on
eBay, we opted to develop our own online auction website for the exclusive use
of our customers," said Francis "We wanted to make online auctions more
cost-competitive for everyone. With most of our large auction events, the added
eBay fees would have made it impractical to bid online. Also, we need to keep
our floor bidders informed about sale results."
With traditional auction
houses taking their auctions online, customers can enjoy 'the best of both
worlds' by taking part in a live auction online. "Imagine the convenience of
bidding from your home PC, coupled with a wide range of services and facilities
that only a full-service, traditional auction house can provide. That's our
Internet auction module for you," concluded Francis, setting an exciting
precedent for the future of live auction events.
Royal Auctions will
conduct it’s trial run of it new auction module on June 24, 2005 at 6:00 p.m.
Internet customers will be able to bid from the comfort of their homes, against
the live crowd at the auction house. Registration is required prior to the
auction for all attendee’s that wish to participate in the bidding. Photo’s and
descriptions of the items will be posted on the website well in advance of the
auction.
Contact: To secure additional information or photos please
contact Jim Francis at (434) 372-8188 or email: e-mail protected from spam
bots
Web site: http://www.RoyalAuctionServices.com
About Royal Auction
Services, Inc.
Virginia-based Royal Auction Services is a full-service
auction company, dedicated to using the latest Internet technologies to further
the success of its traditional live auction events.
Royal Auction
Services was founded by Jim Francis, who brings the company over 40 years of
live auction experience, having sold everything from Fine Art, Business
Liquidations, Trailer-Loads of Tools and Electronics, Jewelry, Antiques, Farm
Equipment, Heavy Machinery and more.
About The National Auctioneer's
Association
With over 7,000 members across the world, The National
Auctioneers Association is dedicated to promoting the auction method of
marketing and enhancing the professionalism of its members. The organization is
headquartered in Overland Park, Kansas. For more information on the NAA log on
to http://www.auctioneers.org.
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Source : http://www.prweb.com/releases/2005/6/prweb247484.htm