Live Auto Auction to Debut this Week in Cyprus

June 20, 2011 - PRLog -- NICOSIA, Cyprus – Live Auto Auction’s newly constructed facility at the Cyprus State Fairgrounds opens this week with a debut VIP media event on Tuesday, June 21, 2011.  The first full auction will take place at the site and will be simulcast to bidders around the world on Thursday, June 23.

Popular in the United States and in many places around the world, this event will introduce Cyprus to the automotive auction.  In turn, the rest of the world will be watching with great interest as Live Auto Auction introduces a new twist – all bidders will be using the same technology onsite and online to participate in excitement of the live auction event.  On-site bidders will be joined by those online watching and bidding from their homes or offices anywhere in the world.  
 
In Tampa, Florida in the United States, the auction technology firm, Xcira, is proud to be working with Live Auto Auction to facilitate this new automotive auction.  Xcira’s signature software product, OnLine Ringman, was used to simulcast over 13,000 auction events in 18 different countries in 2010.  Xcira is the most experienced live online auction technology company in the world and the OnLine Ringman system is used in a variety of auction industries from wine and fine art to heavy construction equipment.  

While OnLine Ringman has been used in countless automotive auction events worldwide since its first event in 1999, the Live Auto Auction in Cyprus will be the first time OnLine Ringman will be the exclusive bidding method used by onsite bidders as well as online bidders participating remotely.  Live Auto Auction’s weekly events will feature:

• A 350sq meter facility with seating for up to 100 bidders
• Fifty onsite workstations plus Wi-fi for onsite bidders
• Stereo surround sound onsite with a 7x4 meter screen displaying the event marquee with lot and bid information  
• Eighty vehicles to be auctioned in the first full event on June 23; up to 150 vehicles offered to dealers and the public in subsequent weekly auctions

“We have designed a website which has all the information relating to the auction date, auction catalogue, car details, car grading, and car condition report,” says Live Auto Auction representative, Anastasia Kitsiou.  Prior to the event, bidders can visit the website, http://www.LAA.com.cy, for more information on the vehicles to be featured in the auction as well as to learn more about this first-of-its-kind opportunity for dealers and car buyers in Cyprus.  After Thursday’s debut auction, Live Auto Auction will host weekly events every Thursday at 3:00PM local time.  Local bidders are invited to join the event in person while remote bidders may participate in real time by registering at http://www.LAA.com.cy.  For more information about OnLine Ringman, visit http://www.Xcira.com/Online-Ringman.

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