An auction conducted simultaneously in-person and online, allowing both floor bidders at the venue and remote bidders on internet platforms to compete on the same lots in real time. The auctioneer manages both channels, calling bids from the floor and the screen.
How It Works in Practice
Simulcast auctions combine the energy of live auctions with the reach of online platforms. The auctioneer calls the sale at normal speed while a clerk or assistant manages the online bidding interface. Platforms like HiBid and Proxibid provide simulcast capabilities where online bidders see and hear the live auctioneer via video stream. This format requires more technical setup (cameras, microphones, stable internet) but consistently generates higher total revenue than either format alone. The auctioneer calls online bids alongside room bids ("$500 on the floor, $550 online") so both audiences hear the same competition, and many setups add a second camera to show each lot as it comes up.
Frequently Asked Questions
How does simulcast bidding work?
What equipment do I need for simulcast auctions?
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