Auction Diary Blog

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Welcome to Bid2gro blog. We have established this blog for all people who have a interest in auctions, auctioneering in general as well as people interested in the second hand goods market, including but not restricted to Antique dealers, collectors, auctioneers, second hand goods traders and farmers. “ Nothing like the vibe of a traditional community auction” One of my fondest memories of growing up in a rural town of the Free- State is my school holiday work at a local auctioneer in the town. I still recall the sound, the smell and the vibe of the adrenaline filled air as the community flocked together for their weekly highlight. A auction isn’t simply trading, its a way of life. Auctioneering has a long history, having been recorded as early as 500 B.C. According to Herodotus, in Babylon auctions of women for marriage were held annually. The auctions began with the woman considered to be the most beautiful and progressed to the least. It was considered illegal to allow a daughter to be sold outside of the auction environment. Moving on more than 2500 years later and facing the 4th Industrial revolution. Bid2gro is a brand new online auction site. Boasting with a first ever SA escrow payment platform, Tadesafe, which we will discuss in further blog posts. Our aim with this blog is to gather likeminded people to share and learn about auction related matters, both online and live traditional auctions. We will partner up with a broad spectrum of auctioneers countrywide to share and enhance our blog. We will also share a live calander of daily, weekly and monthly auctions nation wide. So let us count you in, its free! Send us a mail with your auction related event including date, time, venue and a short description and we will post it on our diary wall for all to see! Till next time

GATVOL OF BEING GATVOL


Living in this modern era of technology could be excruciating but prevailing in this time and era in South Africa could be viewed as eternal damnation.  The law of the jungle persists, and  if you don’t get off the beaten track you are bound to become another statistic. Staying the hell away from politics, the unemployment stats don’t paint a pretty picture!


 

Lets just cut through the crap! If you’re not going to take charge of your own destiny, the government sure as shit ain’t  either, and the situation is going to get a lot more gut-churning before recuperating, if ever!


Lets just concede, we are a junk republic and we need to deal with it! No matter whether corporate has you bent over a barrel, you unemployed or a pensioner.  If you’re a Banana republican you have KAK!

You just gotta hang onto what you have and supplement your shortfall with additional sources of income, like the Americans have done for centuries.


The second hand market , more specifically the online second hand trading market is one of the few sectors that has shown significant growth over the last few years. 


Second-hand, pre-owned, used, resale – the sector has many names but, however you label it, is massive. Analysts are calling out second-hand buying as one of the biggest retail trends of the next decade but, locally, there’s little attention paid to this under-the-radar economic phenomenon.


In South Africa most embryonic of all  being the online auction market, mostly due to the safety disposition linked to the payment aspect. But more detail on a South African first cutting- edge new development to
follow in further blog content. 
(Please ensure you hit the “ count me in” button below so you don’t miss out! )


So exactly how big is this market we’re talking about?

Claire Cobbledick, Gumtree SA director was quoted saying  One survey indicated that it could be worth more than R1-trillion in terms of available stock i.e. items in SA households that are not being used and the owners would happily sell. It’s also worth noting the extraordinary volumes on online classifieds websites. “One way of measuring the growth of the sector is to compare the old school with the new one. “Thirty years ago, newspapers in South Africa would have carried approximately 150,000 classified ads (for goods and services) between them every day. “In 2019, Gumtree alone has close to a million listings.” “So, we already have a booming resale economy which is set to see rocketing growth in the next five years, thanks to a perfect storm of imperatives,” SA director, Claire Cobbledick goes on to say., listing the following:


“We hear a lot about retail statistics, trading volumes and a constant barrage of other data that reflects the ‘new product’ economy, but there’s a massive amount of money moving around the country for second-hand goods with all kinds of unreported implications. “In many instances, this traffic displaces retail sales. “The money that some retailers are losing is not vanishing from the economy, it’s simply being spent in other ways in a smart search for value by consumers in the tough economic climate.”


 Probably most importantly, the online space is the protagonist of a new economy in which anyone can become a retailer on their own terms. This phenomenon is in line with global trends and it could play a huge part in alleviating South Africa’s massive unemployment problem. One estimate is that by 2025, what’s called the ingenuity or DIY economy – which includes online auction sites, buying and selling for profit and modest entrepreneurial ventures could employ two-thirds of the population, and the online space provides instant, accessible and free promotional platforms, such as the one you’re currently on, for such enterprises.


We have established this diary blog for auctioneers, antique dealers, second hand traders and any other like minded South Africans to share ideas, opportunities and events.

Follow the auction trail that will lead you to the golden thread to unravel this multi billion rand industry.

Be sure you are counted in below!

Till next time!           

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