What does a bulk auction generally involve?

A bulk auction typically involves selling large quantities of goods at wholesale prices. This approach is often utilized by businesses looking to quickly move a significant volume of inventory or assets, allowing buyers to acquire large lots of items at reduced costs compared to purchasing them individually. The essence of bulk auctions is efficiency and the opportunity for buyers to secure a substantial amount of goods at a lower per-unit price, making them appealing to retailers, resellers, or other bulk buyers.

In this context, bulk auctions are characterized by the uniformity of items sold, which can include anything from merchandise that a retailer wishes to offload to surplus goods and closing inventory. This makes them distinctly different from auctions focused on rare collectibles or unique private properties, which tend to attract different types of bidders and operate under different market dynamics. Furthermore, while online live bidding is a method of conducting auctions, it does not define the nature of a bulk auction itself. Instead, it is simply one possible format in which a bulk auction could be held.