A live auction is an auction that occurs in real-time, run by an auctioneer, with both online and onsite buyers. When this occurs, the auctioneer takes online and onsite bids and has the final say on when—and to whom—the lot sells. Some sellers will offer live audio and video alongside a live auction.
Live auctions take place in Proxibid's Live Bidding Application. When an auction goes live, the "Place Bid" button will change to "Enter Live Auction." By clicking this button, you can launch the Live Bidding Application and participate in the sale in real-time.
Sellers will often allow pre-bidding on a live sale. This indicates a time period before the sale date that allows online buyers to place bids preemptively. The seller may then choose to have the Proxibid platform represent these bids during the live sale.
When participating in an auction via the Live Bidding Application, the bid button is, by default, turned off to prevent accidental bids. In order to place a bid, you must first enable bidding by clicking the "Enable Bidding" toggle in the bottom left of the screen. Once bidding is enabled, it remains enabled until it is turned off again.