Price Transparency in Auctions from RB Global brands

[Nathan_Sanders0507]

What’s everyone’s take on RB Global’s open bidding style? Does seeing all the bids make the market feel fairer, or does it change how people bid?
Does transparent bidding on RB Global impact buyer trust and seller confidence in your experience?

 

[Big_Iron]

What’s everyone’s take on RB Global’s open bidding style? Does seeing all the bids make the market feel fairer, or does it change how people bid?
Does transparent bidding on RB Global impact buyer trust and seller confidence in your experience?

Id say. . open bidding helps a lot with trust - at least you know exactly where the market stands in rael time.

 

[USVeteran]

Transparency impact on buyers' trust and seller confidence. It is the biggest win for the seller.

 

[Cindy Lopez]

Transparency builds trust.

 

[GeraldVasquez05]

I agree! seeing bids in real time makes it feel more legit, and it also helps buyers and sellers adjust expectations instead of guessing where the market really is.

 

[George]

I think RB Global's open bidding makes the process feel fairer since everyone can see the bids.

 

[Mr. McTuggart]

For sellers, it's usually positive since more visibility can push prices higher.