Online auctions: advantages and how to bid?
Online auctions in enforcement proceedings will facilitate, speed up and simplify bidding, while the possibility of reviewing sales data online will facilitate access and save time when searching for the desired item (through the use of search filters, for example by item or call price). The online auctions will allow people to bid anonymously from the comfort of their armchair, eliminating unnecessary additional transport costs to the auction venue. The purpose of making auctions accessible to a wider audience, i.e. a greater number of potential buyers, is to help creditors and debtors in the enforcement proceedings, as more potential buyers equals greater competition and consequently a higher final price for the item going under the hammer, which in turn leads to a higher rate of repayment of the debt outstanding.
