Online Auctions and Couture Furniture Bidder Engagement
If you’re a designer, bidding a project can take 10-20 weeks to do estimates, get approval for concepts, write bid documents, get dealers to bid and order. And then another 20 to get the furniture installed.
Buyers are responsible for all packing & shipping charges. Small items can be shipped; large items (furniture, rugs) will need to be picked up at the warehouse location where the auction was held.
Bidsquare
The online auction site Bidsquare features curated collections of fine art and antiques from some of the world’s top galleries, auction houses, and dealers. It also hosts live and timed online auctions as well as traditional e-commerce “buy now” sales events. Its auction house partners are vetted to ensure that the items on the website meet high standards for authenticity and quality.
The site features thousands of incredible items, including furniture, paintings, sculptures, folk art, and works on paper. The site also offers a wide variety of other categories, including vintage jewelry and watches. The website is easy to navigate and provides detailed descriptions of each item. Buyers can also view a photograph of each piece before making a bid.
Bidsquare’s recent release of Bidsquare Cloud is an innovative white label software program that allows sellers, auction houses, couture furniture bidder and other businesses to digitally engage with their audience through live and timed online auctions and buy now sales. This solution eliminates the need for third party aggregators and offers a fully customized experience with a custom-designed app and subdomain.
The platform is gaining popularity in the auction industry because it offers a more streamlined approach to online transactions. It connects reputable auction houses and appraisers directly with buyers without the middleman fees of other auction aggregators like Live Auctioneers, Invaluable, or Proxibid. In addition, it has a strong presence in the specialty retail market and has a robust mobile app.
Online Auction Format
Online auctions allow you to reach a much wider audience of potential bidders than in-person auctions. While you might have to consider shipping and hauling options, online bidding enables buyers from all over the world to participate. It also allows you to offer items that might be hard to ship or experience-based, such as a weekend away. If your online auction includes these types of offerings, make sure to clarify in the description how fulfillment will work.
Another advantage of online auctions is the ability to create a dynamic pricing model, which changes as bidding progresses. This is often used for luxury items, which are not easy to sell at a set price. This model is a great way to test out different price models and find the best one for your products and market.
Buyers can track the status of their bid in real-time with push notifications. These notifications let them know if they have been outbid, when the auction is about to end, and if they have won or lost an item. This feature allows for a smooth and efficient bidding process and ensures that buyers have a chance to win their desired item. It also allows for buyers to add interested items to their watchlist and keep track of them. This way, they can evaluate their bids and compare them with competitor’s prices.
Couture Collection
The Couture Collection offers women a high-end and sustainable alternative to the classic bottle of perfume. The collection is made with repurposed Haute-Couture fabrics and is entirely crafted in Paris. This means that each piece is unique and a true work of art. This is the perfect gift for a special woman or for a girl’s night out.
Haute couture is an elite level of fashion that requires designers to create made-to-order pieces for private clients, maintain an atelier in Paris staffed with full-time artisans and technical experts, and present at least 50 original designs during the prestigious Paris Couture Week held twice a year (January and July). In addition, haute couture designers must create a new runway collection every season, and the designs must be worn in a real-life setting.
The couture collections showcase the beauty and innovation of haute fashion, which has a long history of pushing boundaries in design and materials. One example is Christian Dior’s “Flower Woman” dress from 1947, which was designed to represent the beauty of our planet, including its oceans and skies. Another example is Iris van Herpen’s kinetic sculptures made from upcycled marine debris, which she created in partnership with Parley for the Oceans.
Bidder Engagement
Bidder engagement is a process of ensuring bidders are active throughout the auction and that the experience is satisfying and rewarding. This is accomplished by providing information and tools villa furniture contractor that facilitate interaction and communication between the auctioneer and the bidders. This can be done through features such as live chat support, forums, comments, reviews, and testimonials. These features also encourage social interaction and community participation, which can boost engagement.
A successful bidder engagement campaign can maximize ROI by attracting more bidders and improving auction performance. However, maximizing bidder engagement requires a deep understanding of the bidders’ motivations and needs. These may include acquiring unique items, making investments, or simply enjoying the thrill of participating in an auction.
It is also essential to understand the price dynamics of an auction. A reserve price that is too high can discourage bidders from participating or even purchasing the item. On the other hand, a reserve price that is too low can trigger an influx of bidders and drive up the final sale price. Therefore, it is important to strike a balance that encourages bidder activity while ensuring an acceptable minimum price.
Additionally, businesses should focus on establishing and maintaining trust with their bidders. This can be achieved by clearly communicating auction rules, terms, and conditions and providing detailed information about the item being sold.
