Based in Sydney and with offices in Brisbane, Bidsonline specialises in developing software products for the auction industry. This page summarises these auction systems.

Reverse Auctions

An ideal auction method for selling produce. Used in a number of markets: Fish and flowers are leading examples. Each lot has a quantity of boxes or bins all of which are identical. Bidders bid by selecting the quantity they want when the price drops to an acceptable amount. Once a bidder buys the remaining quantity is auctioned. The price rises and then falls this allows other bidders to buy close to the last price. This method suits a market where the bidders are in the trade and understand the process.

Bidsonline’s reverse auction is running at Australian Fish Auctions: www.australianfishauctions.com.au and www.Freshbids.com.au . Bidsonline will shortly be releasing the reverse auction to clear car dealer’s slow moving stock.

   How reverse auctions work
Bidsonline Reverse Auctions

Everybody pays the lowest price.

The same reverse auction method, however, all buyers pay the lowest price reached. Ideal for the retail market especially when coupled with a live presentation. Bidsonline developed an internet shopping channel using this method : Shop Window www.shopwindow.com.au

Bidsonline Everyone pays the lowest price
Live bidding
Online auctions and tenders
Equipment auctions
Car auctions
Hand-held
Vendor reporting
Photo bay
Reverse auctions

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