Skip to contentKraft Auction Calendar – Traditionally, there are two types of online auctions: online only and simultaneous online auctions. Kraft specializes in both, offering over 100 online-only auctions annually and offering its largest auctions each year in simulcast format across multiple bidding platforms.
An online simulcast auction is a live auction where bidders can bid live at the auction site, but at the same time bid in real time online for the auction. We conduct these types of auctions for the finest antiques, collector cars, specials, business liquidations and equipment auctions.
Kraft Auction Calendar
Source: cdn.hibid.com
An online-only format is the best way to market your properties and ensure you get the best value for them when you sell them. Our business is built on the live auction format, but please note that in today’s market this is the best way to get the best value for our customers and why we recommend all sellers to consider an online auction only.
Source: cdn.notonthehighstreet.com
Online Auctions
Auctions are set up in a “soft close” format, meaning that items close gradually and if a bidder bids in the last 2 minutes of the auction, bidding is extended for an additional 2 minutes. Unlike where you might get “dumped” on eBay, on our site all bidders have a fair chance to bid their price on an auction item.
Throughout the year, Kraft Auctions conducts online simultaneous auctions through KraftAuctions.Hibid.com. We may also use other sites as warranted for certain items, such as Prokibid, Auctionzip, Invaluable and LiveAuctioneers. The reason you offer it on multiple platforms is to get as many bidders to the auction as possible to bid on your items.
Source: cdn.hibid.com
Our largest simulcast auction to date has had over 33,000 registered bidders from around the world! The best part about online only auctions is that bidders can bid 24/7 until the auctions close, and compared to a traditional live auction, this is a huge difference.
In a live auction without online bidding, only a few people present will receive a price bid. Although with an online auction, your auction will be viewed tens of thousands of times by bidders from all over the world bidding on your items.
Source: kraftauctions.com
Online Simulcast Auctions
This is the most common type of auction we do at Kraft Auction Service. It is more commonly referred to as “OLO” on our website, short for Online Only. These are timed auctions, very similar to an eBay auction, but with one big difference.
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