What are the advantages of Internet auction compared with traditional auction?

In recent years, with the rapid development of Internet in China, the business model of traditional industries has been in jeopardy. In order to optimize the allocation of social resources, the new concept of "internet plus" was born. Under the background of this great era, the auction industry with a long history of development in China is also doomed to change. The changes brought by the network technology entering the auction have affected the process of the auction industry and the auction market. It will bring challenges to auction companies and new development opportunities, and the auction industry will present a new pattern.

So, what pain points can Internet auction solve?

1, the entry threshold is lowered, and more ordinary people can participate in the auction industry. It turns out that auction houses have high requirements for lots, and it is difficult for many collectors/owners to participate. At the same time, they also have high requirements for bidders, mainly facing the middle class and the rich. The establishment of the Internet auction platform has opened up sellers at one end and put people with resources on the platform. The other end is connected to the buyer's phone. Let rare resources be seen by more people and participate in the auction.

2. The speed of resource circulation is accelerated and the allocation is more reasonable. In the traditional auction industry, the distribution speed of resources is relatively slow, and it takes a long time for some confiscated/disposed resources to be realized, which hinders economic development. The establishment of Internet auction platform can speed up the circulation of resources and make its configuration more reasonable.

3. The development of the Internet is transparent and real-name participation, so the process supervision will be stricter than that of traditional auction houses. Promote the formal development of related industries.

Of course, there is still a long way to go in Xiu Yuan. Internet auction has a long way to go, and there are still many problems to be solved. With the development of science and technology, how to combine new technologies for our use, improve the user experience, and ensure the security of transactions, all need efforts.