AI in the auction world | Proxibid Insight

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2025 © Copyright Proxibid

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Recent advances in deep learning and Large Language Models (LLMs) have fueled the current ‘AI boom’. ChatGPT achieved 1 million users in just 5 days, demonstrating unprecedented adoption speed compared to platforms like Instagram (2.5 months) or Facebook (10 months).

The Evolving Auction Landscape

Auction houses are now competing not only with each other but also with the "Amazon-level buying experience and convenience" that bidders expect.

As AI pervades all areas of eCommerce, bidders will encounter AI-powered search, recommendations, and personalization everywhere they shop.

The ability to match this enhanced experience will be crucial for securing bidder attention.

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ATG’s Investment in AI: Pioneering Solutions

ATG is proactively developing powerful, unique AI solutions, leveraging its 25-year history of successfully connecting millions of bidders with millions of auction lots, combined with expertise from industry-leading AI specialists. ATG's in-house AI investment aims to provide four core benefits for auctioneers.

Reach the Right Buyers

ATG’s AI already helps connect lots with the most relevant bidders at the optimal time.

SEO optimization for discovery on AI chatbots like ChatGPT and Google AI Mode.
Better Categorization: A new classification model has made lot categories more accurate, leading to an immediate 6% improvement in buyer conversion.
Smarter Recommendations: Enhanced models surface more relevant lots, driving 40% more clicks on mobile and 10% more on web.
Smarter Matching: Algorithm tweaks and 'learn to rank' functionality ensure more accurate search results (e.g., avoiding irrelevant matches for "Table Lamps").

Automated Content Generation: Options to auto-generate lot titles, descriptions, and assign categories directly from image uploads, speeding up cataloging.
Optimized Listing Enhancements: Leveraging a unique dataset of over 25 years and 250 million sold lots, ATG AI will be able to suggest enhancements to titles/descriptions for improved buyer conversion and search optimization for Google and AI bots.
Pricing Guidance: From a photo upload alone, ATG AI will be able to advise on condition, uniqueness, expected demand, and provide a guide selling price.

Moving beyond a trend to become a foundational technology, AI is transforming industries globally and the auction industry is not devoid of these transformations.

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Reach the Right Buyers

Earn More with Less Effort

Make Auctions Easier to Run

Stay Ahead of Market Trends

Earn More with Less Effort

ATG’s AI will help auctioneers achieve higher returns without additional workload - it will bring:

Multimodal Bidder Support: Users can upload text, images, or links to get support.
Fraud Detection: Real-time flagging of suspicious bidding behavior and removal of problematic bidders.
Shipping Quote Estimation: Soon, ATG AI will be able to estimate size and weight of items to predict shipping quotes.

ATG’s AI will help automate tedious tasks, allowing teams to focus on selling.

Make Auctions Easier to Run

Identify Inventory Gaps: Intelligently detect high-volume searches with no matching lots, helping identify demand gaps and new sale opportunities.
Optimal Selling Times: Recommending the best month, day, and time to market a particular asset based on hundreds of millions of historical auction sales.

Auctioneers will gain insights into buyer demand, even before items are listed.

Stay Ahead of Market Trends

Why ATG’s AI is Different and Delivering Results: ATG's approach to AI is unique and highly effective.

Powered by the Best Data: Built on insights from 250 million+ lots and billions of bidder interactions.
Designed by Auction Experts: Built in-house by ATG’s team to support real auction workflows, not a generic white-label tool.
Getting Smarter Every Day: Continuously improved using live platform signals and feedback from bidders and auctioneers.

ATG is committed to investing in building AI solutions for the betterment of the global auction industry. These investments will future proof auction businesses and are already yielding measurable results:

Increased search performance, with huge increases in click-through rates and conversion rates.

80%+ lift in spend per user from more personalized email campaigns.

AI-powered recommendations are now generating a click-through rate 100% higher.

Let our team build a plan to help your auctions reach more of the right buyers—at the right time.

While AI Chatbots currently drive less than 1% of eCommerce site visits, they show 35-50% higher engagement than direct or organic traffic, according to ATG data.

Gartner predicts a 25% drop in search engine volume by 2026 due to AI chatbots and virtual agents, emphasizing the need for businesses to optimize content for AI.

Searching for More than Answers

As the world becomes more familiar with using AI tools to search for answers, predictions suggest that finding items to buy will be one of the next uses to see rises in popularity. ATG's marketplaces and auctions listed on them are already discoverable through AI search tools.

78% of companies globally report using AI in at least one business function.

How AI is Reshaping the Auction World

ATG INSIGHT