WSJ Notes Increased Online and Phone Sales for Major Auctions, Less Attendance in Person

June 17th, 2014

Phone Bidders at Leslie Hindman Auctioneers, via WSJThe Wall Street Journal notes the growing trends for bidding at major auctions to move towards phone and online bids, leaving auction rooms looking much less filled out, even at some of the biggest sales of the year.  “People are busy, they’re working. They don’t want the expense of flying here, waiting four or five hours for their lot to show up,” says Paul Minshull, COO of Dallas-based Heritage Auctions. “They can sit at home in their underpants and bid by phone.”Read more at WSJ