Buyer Bidding Report
Understanding the position of individual buyers within an auction
Last updated
Understanding the position of individual buyers within an auction
Last updated
This report will show you, in the real time the current position for each bidder involved in a signle auction.
It updates as bids are placed and shows you how much lots and their value, each biders is committed to at any one time.
There are a number of interesting pieces of information on this report that will help you understand the risk involved in the auction, and the interest for buyers in the items for sales as the auction progresses.
Where you can see buyers committing more than you are comfortable with, you can decide whether or not to take auction to prevent any potential loss of income.
In the above summary, created for each buyer per auction, you can see how much they have committed as the current highest bidder on each lot. You will see their total bidding value, how much of that is below reserve, and the total liability.
This will be useful information to you to anage the risk of the auction.
