Agonline Introduces Real-time Cattle Auction
NEW ZEALAND - Agonline.co.nz – New Zealand’s only dedicated livestock auction site – has introduced New Zealand’s first real time ‘helmsman’ auction for cattle, allowing simultaneous live bidding on lots.
5 June 2012
1 minute read
The first helmsman auction of seven Torrisdale bulls on 30 May saw six lots sell at reserve or better – resulting in a delighted vendor.
The auction is easy to use and transparent, providing video footage which allows vendors and agents to view and access a national bench of buyers – all with the click of their mouse!
How it works
- Any number of lots can be offered over a set time period – in most cases two hours
- All prospective buyers must register prior to the sale and receive a buyer number. They must be current PGG Wrightson account holders
- Once registered they will then be able to bid on any number of lots
- If they are out bid on their preferred lot they still have the opportunity to bid on any of the other available lots
- If two more buyers are bidding on a lot at the close of the sale, the time on all lots will auto extend until no one has placed a bid for up to two minutes
- The registration and the payment process mirrors a normal sale i.e. payment within 14 days.
Click here to find out more.
TheCattleSite News Desk
