“The addition of a real-time online bidding system would reach a broader range of buyers, open up the bidding process which could result in higher sale prices and returns for clients,” said the report.
“We found that a system where the bid amounts are visible and not sealed, and that enabled potential purchasers to bid as the amount changed during the bidding, could generate increased sale prices and more revenue.”
According to an internal study obtained by The Canadian Press, under the federal Access to Information Act.
Source: The Globe And Mail
