virtual auctions

A virtual auction is an online event where items or services are bid on in real-time through a digital platform. Participants from anywhere can place bids using computers or mobile devices, competing to offer the highest price. The process is similar to traditional auctions but conducted entirely online, often featuring live audio or video. Virtual auctions are efficient, accessible, and provide transparency, allowing for broader participation without geographic limits. They are commonly used for charity fundraisers, art sales, real estate, and estate liquidations.