What is the Price Discovery tool accessible from the homepage?

AuctionsPlus wants to advance market transparency by supporting our buyers and sellers with a straightforward and accurate way of understanding current market values.

Summary/Introduction

Australia’s highly varied livestock production models, market volatility and opaque price transparency can make it extremely difficult to understand the current value of marketed livestock.

AuctionsPlus wants to advance market transparency by supporting our buyers and sellers with a straightforward and accurate way of understanding current livestock market values. Using the highly-detailed and accurate AuctionsPlus results database the Price Discovery tool finds similar lots recently sold and returns the minimum, maximum and average prices, alongside the ‘Confidence’ rating.

How to use the Price Discovery Tool

The Price Discovery Tool is simple, quick-to-use and accurate.

 Click Price Discovery on the AuctionsPlus homepage.

Select from Cattle, Sheep or Machinery

 

 Cattle or Sheep

select the specifications of livestock you’re interested in, and click View Price

• Note that both Location and Category/Sex are mandatory fields

 Machinery

Provide a key search word to narrow your search, and click View Price

• Note that both Location and Keyword are mandatory fields

 

• Refine your search with more detailed filters

• Save your filters for later user, or sharing

 

 

What does the Price Discovery tool display?

The user of the Price Discovery tool is presented with a range of useful and accurate data

Cattle & Sheep

 

1. The select search parameters - and an invitation to login to refine and save the search for later use
2. Expand or narrow the time frame results to be drawn from
3. Print or share the the results via social media with colleagues and customers
4. The minimum, maximum and medianvalues of livestock that meet your search parameters
5. A ‘Confidence' rating calculated from the number of results sampled and price ranges
6. The sample from which the sale price insights are drawn. The sample includes all lots sold prior to auction via Buy Now or Make and Offer, all lots sold at auction, and the highest bid for all passed-in lots.
7.  Find and connect with your closest assessors and agents

 Machinery

 

1.  The select search parameters - and an invitation to login to refine and save the search for later use
2. Find and connect with your closest assessors and agents
3. Recently sold lots that contain the desired Keywords in description

The diverse nature of machinery listings makes offering a price range impractical

Inspect the results that underpin the Price Discovery tool

Scroll further and the user is presented the actual lot results used to support the minimum, maximum and estimate values.

Note - individual lot result prices are only available for account holders. Login or Create an Account to access.

Inspect similar listings available for purchase

The Price Discovery tool offer users the opportunity to inspect the listings that meet the search parameters but are yet to be auctioned. Bidders and potential buyers can then browse with a stronger understanding of recent results

1. The feature is not a replacement for the experience, expertise and professional understanding of livestock markets provided by Livestock Agents.

2. The values presented are only drawn from recent AuctionsPlus results from auctions and other selling methods, inclusing Buy Now and Make-an-Offer.

3. Value presented depict past results and may not reflect future market performance. Care should be taken interpreting these values as indicative of the livestock market in general.

4. The Price Discovery tool does not draw upon current-date sale data results