A GENERATIONAL SHIFT IN ONLINE BIDDING
A GENERATIONAL SHIFT IN ONLINE BIDDING
A GENERATIONAL SHIFT IN ONLINE BIDDING
What you need to know about how your Gen Z and Millennial bidders buy at auction
A younger, technology focused generation brings new expectations and a demand for a seamless online purchase and payment experience. Learn more about the generational shift in online buying behaviors in our latest whitepaper.
Welcoming A New Breed of Bidders
As LiveAuctioneers attracts thousands of new online bidders each day, bids from younger buyers have more than doubled year-over-year (2021 vs 2020).
The millennial generation, the largest in history, came to age in time of digitization and technological change and those growing up as Gen Z have never known a world without internet.
With new, more, and younger buyers here to stay, demand for an easy, online payment experience has never been greater.
Welcoming A New Breed of Bidders
As LiveAuctioneers attracts thousands of new online bidders each day, bids from younger buyers have more than doubled year-over-year (2021 vs 2020).
The millennial generation, the largest in history, came to age in time of digitization and technological change and those growing up as Gen Z have never known a world without internet.
With new, more, and younger buyers here to stay, demand for an easy, online payment experience has never been greater.
Auction houses on
LiveAuctioneers have seen:
113%
Year-over-year growth
in bids from bidders
18-44 y/o
44%
Year-over-year growth in
traffic from bidders
18-44 y/o
A Generational Shift in Purchase Expectations and Needs
Millenial and Gen Z buyers’ affinity for technology largely shapes their purchasing habits and buying expectations.
These young buyers seek:
A Generational Shift in Purchase Expectations and Needs
Millenial and Gen Z buyers’ affinity for technology largely shapes their purchasing habits and buying expectations.
These young buyers seek:
Electronic and flexible
payment methods
Instant
gratification
Financial
responsibility