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ALLENTOWN (AP) A moment of silence, please, for the good old auction.
Oh, they’re still around. But the in-person auction, with its traditional patter and gavel-banging and crowd buzz, has been giving way in recent years to online business a change accelerated by the coronavirus pandemic, which, according to one study, has advanced the pace of online commerce by two years.
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In the “before times,” as the prepandemic era is sometimes known, auction houses hosted in-person events at their headquarters and at properties being liquidated in estate sales, and carried the auctions online, too.
Gathering restrictions put a crimp in the model. But, just as religious services and business meetings could migrate fully online, so could auctions. For buyers, it’s as easy to bid on a grandfather clock or a Babe Ruth baseball card online as in person easier, really. And, for auction houses, the virtual world provides an immeasurably larger pool of potentia
Going, going, not quite gone: How pandemic changed auctions
DANIEL PATRICK SHEEHAN, The (Allentown) Morning Call
April 24, 2021
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ALLENTOWN, Pa. (AP) A moment of silence, please, for the good old auction.
Oh, they’re still around. But the in-person auction, with its traditional patter and gavel-banging and crowd buzz, has been giving way in recent years to online business a change accelerated by the coronavirus pandemic, which, according to one study, has advanced the pace of online commerce by two years.
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Skip in 3s
In the “before times,” as the prepandemic era is sometimes known, auction houses hosted in-person events at their headquarters and at properties being liquidated in estate sales, and carried the auctions online, too.
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