Pre-Lotted vs. Non-Lotted Auctions — Understanding the Difference

Not every auction is conducted the same way. One of the important decisions an auctioneer may make is whether an auction will be pre-lotted or non-lotted. Understanding the difference between these two approaches is important because each represents a different way of preparing for and conducting an auction.

In this video, we discuss the fundamental differences between pre-lotted and non-lotted auctions and how those differences relate to working with AuctionRPM.

A pre-lotted auction is organized in advance, with the items being sold assigned lot numbers before the auction begins. This provides an established structure and selling order before auction day.

A non-lotted auction, on the other hand, provides greater flexibility during the actual auction. Rather than requiring every item to be assigned its final lot number and selling position beforehand, the auction can develop as items are presented and sold.

This discussion will help you understand the basic concepts behind both methods so that the procedures demonstrated in later AuctionRPM tutorials make more sense.

AuctionRPM is designed to accommodate different styles of auctioneering. Whether your auctions are carefully pre-lotted in advance or your selling order is determined as the auction progresses, understanding these two approaches will help you choose the AuctionRPM workflow that best fits the way you conduct