Government and Public Sector Asset Auction Solutions
The Auction Marketer platform has been customised to work for public sector organisations looking to run auctions. These are typically managed via a closed trade auction, that utilises our real time live bidding software without the use of video and audio.
Our auction trading platform is designed to allow easy clerking for high volume low increment auctions to a series of public sector / trade / institutional bidders globally, so zero latency is key. Bidder views typically include a lot of real time calculated data to support bidder decision making on the spot.
The auction trading platform is powered by a customised version of our proven BidstreamTM live bidding auction technology served up via the AWS Cloud.
Public Sector Auction Solutions
We've developed a high volume, low increment realtime auction solution that emulates a trading platform rather than a traditional auction. For example, British Wool chose Auction Marketer following a lengthy tender process for their bi-weekly wool auctions that transact over 25 million kilos of wool a year, sold globally, because we could build the solution to match their specific operational and buyer requirements.
Typical use cases for this technology include standard commodities or contracts, but it can also be employed for public procurement auctions, surplus asset disposal, municipal asset liquidation and very high volume retail returns.
Surplus Asset Disposal Auction Software Solutions
Commodities and surplus assets are often complex, and bidding needs to be live, fast and easy.
The government and public sector auction platform developed by Auction Marketer is designed to allow bidders to bid up in small increments and to clearly show important metrics such as the current bid, next ask, whether the item will sell at the current price and what the average price per unit of weight or category (spot price) is of other matching lots that have sold.
All of this data is calculated and displayed in real time allowing buying decisions to be made quickly.
PostBid - After Sale Offers Increase Returns
The auction platform allows for unsold lots to be reoffered post auction in a timed online auction session.
This provides approved bidders with the facility to make new offers for unsold product governed by a strictly time limited window.
Offers are considered by the platform operators and if acceptable the lot is sold at the offer price.
"We selected Auction Marketer to be our partner after an extensive tender process. The purpose of the project was to offer a high degree of flexibility to customers through offering online auctions”
Andrew Hogley - CEO British Wool
Government e-auction Systems
Our auction platform was designed from the ground up to deliver an environment that empowers government departments to run their online auctions cost effectively, and to limit access to approved registered bidders following the necessary vetting or invitation processes.
Only qualifies or invited bidders can take part, and you can see which bidders are actively connected to the auction at any time.
2 Factor authentication is available as standard for all trade user logins to ensure that an extra layer of security is in palce when users login to the auction platform to begin bidding sessions.
Vertical Ready Out of the Box
We’ve been transforming auctions and adding value to our auction partners since 2006 by designing and building our platform to work for all verticals. No more trying to make an industrial platform work for fine art or a fine art system for classic vehicles! Take a look at the auction technology designed to service multiple verticals...
Book your demo
Ready for a discovery session? Unhappy with your current solution? Worried about changing solution? Get in touch with us to experience the power of Auction Marketer and join some of the fastest growing auction businesses already using this auction technology.
Call us on: +44 (0) 1604 695800
Email: info@auctionmarketer.co.uk
