Auctions may be run either simultaneously, where all lots are offered at once, or sequentially, where lots are offered one at a time.
Simultaneous Auctions (SIM)
In a Simultaneous auction, all lots are available at the same time. AuctionsPlus simultaneous auctions are controlled by a timer system.
Simultaneous auctions have no guaranteed minimum or maximum running time.
A simultaneous sale may look like below:
For information on the way that the Auction Timer works for SIM auctions visit: https://help.auctionsplus.com.au/knowledge/how-does-the-timer-work
Sequential Auctions (SEQ)
In a Sequential auction, lots are offered one at a time. Sequential auctions are often interfaced with a live physical auction, therefore at the fall of the hammer (onsite, as dictated by the auctioneer) the lot will close, and the next lot in the catalogue (or as nominated by the auctioneer) will become available for bidding. At the conclusion of all lots being offered, the sale will conclude.
A sequential auction may look like below:
A sequential auction may also include audio or video streaming, which will be shown on the right-hand side if available.