Live Auction refers to the traditional form of auction where items are sold in real-time to an audience of bidders who are physically present or participating remotely. Unlike online-only auctions, live auctions involve an auctioneer who conducts the sale, announces lots, manages bids, and creates excitement in the room. Modern live auctions often combine in-person bidding with phone and internet bidding, making them "hybrid events." This format is particularly important in high-end art, antiques, and luxury goods sales where buyers want to experience the excitement of competitive bidding and see items in person.
Managed Live Auction events with over 500 lots per session
Coordinated multiple Live Auction and In-Person Auction events generating $2M+ in sales
Trained staff in Live Auction and Traditional Auction procedures and protocols
Typical job title: "Live Auction Specialists"
Also try searching for:
Q: How would you handle a situation where multiple remote bidders lose connection during a high-value lot?
Expected Answer: A senior candidate should discuss backup systems, communication protocols, having adequate staff to manage phone bids, and policies for pausing or restarting bidding if needed. They should also mention documentation procedures and client relationship management.
Q: What strategies have you implemented to increase auction attendance and bidder participation?
Expected Answer: Look for answers involving marketing campaigns, client relationship building, preview events, catalog improvements, and integration of new technologies to attract both traditional and new collectors.
Q: How do you manage the logistics of a live auction with 300+ lots?
Expected Answer: Candidate should discuss lot organization, staffing plans, timing management, catalog preparation, and coordination between different departments (marketing, logistics, client services).
Q: Describe your experience with handling disputes during a live auction.
Expected Answer: Should demonstrate knowledge of auction house policies, ability to remain calm under pressure, understanding of when to involve senior management, and experience with resolution procedures.
Q: What are the basic components of a live auction setup?
Expected Answer: Should mention basics like lot display, bidder registration, paddle assignment, payment processing, and basic auction floor layout considerations.
Q: How do you prepare lots for display before a live auction?
Expected Answer: Should describe basic lot organization, labeling, condition reporting, and proper handling procedures for different types of items.