June 11, 2010, Newsletter Issue #185: Live Auctions Versus Online Auctions

Tip of the Week

The difference between a live auction and an online auction is simply the method in which the auction is brokered. A live auction happens at a certain location -- usually an auction house, stockyard, or estate, while an online auction takes place via the Internet. Live auctions have the advantage of allowing the buyer to examine the goods being sold, helping to prevent fraud. Additionally, live auctions at reputable auction houses are less prone to fraud because the houses screen goods to preserve their reputation.

The disadvantages of live auctions include lack of accessibility, as you must travel to the site of the auction to participate, and expense, as holding a live auction can be costly to the seller. Online auctions, while somewhat more open to fraud, allow people from all over the globe to participate. This helps to lower overall prices for both the buyer and seller.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Auction Tip Site? Request a Tip Now!


Guru Spotlight
Carma Spence-Pothitt