There are many reasons that new interactive auction technology is a good idea to do during an auction. These reasons include: it’s innovative and it’s easy for the auctioner to use the Interactive Auction equipment. Yet another to like this equipment is that it allows all parties at the benefit to have express check; this means swiping the credit card upon arrival so the customer doesn’t have to wait in line after the benefit to swipe his/her credit card. All parties at the auction are still given bidding numbers for silient auctions or place a bid through a tablet.
This equipment has the auction consumers wanting more as consumers usually find it easier and more effective than tradional auction techiques. This equipment allows consumers to know if he/she has the widding bid as it displays the winning bid on the screen after placing a bid. One feature that alot of auction consumers like is that the equipment allows the consumer to place a maxium bid; which means the consumer can say how much he/she is willing to pay for auction item without necessarily paying that much for the item. Penny auctions are auctioned items sold for cheap prices.