Date: Fri 10-Sep-1999

Publication: Ant

Author: JUDIR

Quick Words:

RealBidder.com-Weschler's

Full Text:

Interactive Real Time Auction System Launched

FAIRFAX, VA. -- After nearly a year in development, RealBidder.com was used

for the first time at a live auction Friday, June 25 at Weschler's Auctioneers

in Washington, D.C. According to RealBidder.com, they experienced enthusiastic

bidding and sold several lots to Internet bidders.

RealBidder.com is unlike other auction systems, which for the most part are

sites for posting of items for sale, which takes place over several days.

RealBidder.com instantaneously transmits bidding activity on the auction floor

via the Internet to bidders across the country and eventually around the

world.

Registered participants can watch the bidding on their computer screen and bid

with an electronic paddle. Their bids are then recognized by a spotter on the

auction floor, and the online bid is offered to the auctioneer. The bidder

receives an instantaneous confirmation when the auctioneer accepts the bid and

can continue to bid interactively until the hammer falls and the item is sold.

RealBidder.com brings limitless possibilities to the door of the traditional

auction house. It allows auction enthusiasts to experience auction excitement

by executing their own bids in the comfort and convenience of their home,

office or anywhere they have Internet access. They hope to revolutionize the

way auctions are conducted. Visit the RealBidder.com Web site or telephone

703/222-2143.