What Are Batch Auctions?
Batch auctions are a type of auction that involve the sale of multiple items at once. This type of auction is often used when selling large collections or lots, such as antiques, artworks, and collectibles. Batch auctions can be conducted in person or online through an auction house or website. The bidding process for batch auctions works similarly to other types of auctions; bidders submit their bids on each item they wish to purchase and the highest bidder wins the item(s).
The advantage of using batch auctions is that it allows buyers to bid on multiple items at once without having to wait for individual pieces to come up for sale. Additionally, sellers benefit from this method because they can sell off entire collections quickly and easily with minimal effort required from them. Furthermore, since there are usually many different items being sold simultaneously during a batch auction, it increases competition among bidders which may result in higher prices than if only one piece was being offered at a time.