Our services are used by property auctioneers nationwide and assist with the daily running of their businesses
We provide a number of software packages which give auction houses an efficient way to manage their information and the services they provide.
Our cloud based software systems allow for a variety of services from web to print solutions, API data outputs, data collection and hosting solutions. Behind the scenes we are busy providing the auction industry with a range of services that are crucial to the smooth running of their businesses.
An authentication and login system for all buyers and sellers to login to multiple auctioneer websites and services with a single username and password.
A cloud based document store where auctioneers can upload and store legal documents for lots that they are offering.
Interested parties can register to download and view the documents of the lots. The auctioneer can see in real time who is downloading what documents and advise the viewers when more documents are uploaded for a particular lot. They can also see at a glance the interest in a lot which is useful when advising a vendor of reserve changes etc during the marketing period.
The system is used by over 120 auctioneers and for over 70% of all lots offered in the UK. Currently we have over 2,000,000 documents downloaded from our server every year which equates to a document being downloaded every 15 seconds (24/7).
With this service the auctioneer has a large screen in the room for the benefit of the attendees that not only shows the lot number, address and photo of the lot, but also the current bid. In addition most auctioneers choose to broadcast this live over the internet and add in a live video stream as well.
Currently used for over 40% of lots offered and 65 auctioneers.
Data Management System (DMS)
DMS is a cloud based service that allows the auctioneer to enter lot data into a database and simultaneously without having to re-type or copy any of the data create a paper catalogue and power a website as well as automatically upload to property portals.
This is giant leap forward from the conventional method whereby raw text is sent to a typesetter who puts the catalogue together sending proofs off to the auctioneer for checking etc, and then making amends to create the catalogue. After that, the complete dataset would then have to be copied into a database to power the website and load the portals.
The key benefits of DMS are speed, accuracy, no need for the typesetter, ability to show preliminary lots more easily, and consistency of the brand.
Website creation and hosting
Since 1996 when we created our first in-house website, we have been working on the websites for many of the auction houses. The work has ranged from supplying limited lot data and feeds, right through to complete creation and management of the entire site. Given our experience with handling large amounts of lot data we are well placed to ensure the website runs quickly and smoothly.
A recent addition to our portfolio of services, online auctions will in time will become more and more popular as markets move online.
Our service is customised to the brand of the auction house and powered by DMS. Auctioneers have multiple parameters they can set such as bid increments, start and end time as well as guide and reserve.
A feature of the bidding is that at the end of the auction the electronic gavel will not be brought down until a specified time period (typically 60 seconds) has elapsed, to ensure that every last bid has been made. This is very different to the eBay model that promotes last second 'sniping' to secure the lot.