CNBC Notes Increased Number of Online Auctions

October 28th, 2015

CNBC notes increased trends towards online art auctions among the larger auction houses, with Sotheby’s and other houses looking increasingly to online sales.  “(Online auctions) take place simultaneously with a live stream that connects the bidder to the auction floor, as if they were attending in person,” Natalie Townsend, a spokesperson for Invaluable. “The tech behind it is very precise, as you can imagine there can be no time lapses when it comes to bidding on high ticket items, and features a comprehensive bidding dashboard to give the auctioneer instant visibility on bid updates from mobile bidders.”

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