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Press Release

Bidlive Launches Live Virtual Auctions

Bidlive Management FZE, a U.A.E. based provider of online bidding services to equipment, vehicle, and commercial auctioneers and consignors, has announced the introduction of the Live Virtual Auction. This is a new online auction system designed to reproduce the experience and efficiency of a live physical auction in an entirely online environment. Bidlive’s first Live Virtual Auction will be held on October 24, with an Abu Dhabi-based vehicle fleet up for bids.

“A Live Virtual Auction is a physical auction conducted at an onsite location without an onsite audience,” explained Bidlive General Manager Richard Sweatt. “The bidding audience participates online, with a real, live professional auctioneer calling the auction, operating the software, and providing a constant stream of communication to online bidders. This is first event of its kind in this region, and we expect to hold many more in the future.”

Bidlive’s Live Virtual Auctions are hosted on the Company’s website at Photographs and descriptions of available items are listed on the site, which also allows advance registration and qualification for the auction. A single registration and qualification process allows a bidder to participate in all Bidlive auctions, both Live Virtual Auctions and webcasts of physical auctions conducted by reputable auctioneers around the world. If you wish to register for an auction, just click “Join This Auction” and follow the instructions.

Registered bidders will be permitted to physically inspect all goods during business hours on the day prior to the event and on the day of the event. Buyers who are unable to watch the entire auction can place pre-bids on individual items by entering the maximum amount they are willing to pay.

This auction is being organized by World Wide Auctioneers - Jebel Ali Free Zone. The auctioneer and Bidlive staff will on site at WWA’s facility during the auction on October 24 and bidders are welcome to visit and bid online from WWA’s offices.

“The Live Virtual Auction enhances the online auction experience by introducing features that were previously available only during physical auctions”, continued Sweatt. “The presence of a live auctioneer and the ability to ask real-time questions about the consigned items and have immediate answers from real people makes online auctions more interactive and more appealing, and we expect it to attract and retain a wider range of bidders than conventional online auctions”.

Bidlive offers live on-line bidding services to reputable vehicle and equipment auction companies outside of the U.S., and is the only vehicle and equipment-specific online auction system targeting this niche. Bidlive intends to create the vehicle and equipment industry's largest live on-line bidding platform, driven by an initial database of over 200,000 established buyers outside of the U.S. and a superior bidding software and equipment search system.

For information on Bidlive contact

Richard Sweatt
General Manager
+971 (0) 55 813 0321