How do I participate in a Hilco Industrial Webcast Auction?
A. Auctions conducted using Hilco Industrial Webcast Bidding Technology offer bidders two methods of placing bids. A traditional On Site auction is conducted and “broadcast” via the web, allowing Internet users to see the progression of the sale through a special online presentation. The auctioneer on site can communicate with both the bidders in the room with him, and the bidders on the web. Because all computers are not of equal capability, and because different Internet connection speeds may affect the transmission of a bid, Hilco Industrial Webcast bids are not placed by clicking a button, but rather by joining a live conference call hosted by Hilco. In this way, Hilco Industrial Webcast bidders are able to hear in real time as bids are being placed both on the auction floor and by Internet bidders. This method gives bidders the “best of both worlds,” allowing them to bid from the comfort of their own home or office, without sacrificing the visibility and timeliness of being on the
A. Auctions conducted using Hilco Industrial Webcast Bidding Technology offer bidders two methods of placing bids. A traditional On Site auction is conducted and “broadcast” via the web, allowing Internet users to see the progression of the sale through a special online presentation. The auctioneer on site can communicate with both the bidders in the room with him, and the bidders on the web. Because all computers are not of equal capability, and because different Internet connection speeds may affect the transmission of a bid, Hilco Industrial Webcast bids are not placed by clicking a button, but rather by joining a live conference call hosted by Hilco. In this way, Hilco Industrial Webcast bidders are able to hear in real time as bids are being placed both on the auction floor and by Internet bidders. This method gives bidders the “best of both worlds,” allowing them to bid from the comfort of their own home or office, without sacrificing the visibility and timeliness of being on the
