Market Intelligence
Auctions: traditional or online? Who wins
This article discusses the trends in the first half of 2020 in the world of traditional and online car auctions. The article provides insights into the types of cars that dominated the scene in physical auctions, as well as the most expensive cars sold in both traditional and online auctions. The article shows that despite the COVID-19 pandemic, online auctions are gaining prominence and are not at risk of becoming second-tier auctions. Overall, the article provides an interesting analysis of the shifts and changes in the world of car auctions.
The first half of the year brought with it an opportunity. Not bad considering the context: physical or virtual auctions? A comparison that involves everyone: sellers, first and foremost, but also buyers and auction houses.
There was a “before and an after”: until mid-March the royal auctions, those conducted with buyers in the hall and auctioneers in the flesh, dominated the scene while afterwards the auction houses that still wanted to be in the game were forced to make the switch to online platforms.
What have we learned from the first three months of 2020? In particular for what concerns traditional auctions?
