The Speed Auction TV owned by sit- up shopping was launched on 25th July, 2005. This channel is aired via cable or satellite and showcases auctions of different products and items.
The Speed Auction TV is a shopping network based in the United Kingdom. This British channel runs live reversed auctions on a daily basis. A person can watch speed auction on the internet free of cost.
A Brief History of Speed Auction TV
This channel was launched in the year 2005 on 27th July after it replaced the channel Screenshop 2. Speed Auction TV was broadcast seventeen hours in the day, starting from eight in the morning. Live auctions were aired on all days except Mondays and Tuesdays. These live auctions were showcased for eight hours in a day in two slots with a one hour break after the fourth hour. The digital satellite TV provider, Freesat aired the Speed Auction TV in 2009.
Before the launch of this channel, another network known as the Bid TV first carried out the process of auction according to rising price. However, it changed its format to the falling price auctions causing the aired auctions to be pre recorded. The tradition of rising price auctions was taken over by the Speed Auction TV in 2005. However, a few months later, the latter channel changed to the airing of falling price auctions. Products were auctioned off in a shorter period of time. This shuffling between falling and rising price auctions continued for some more time.
Products and the Auctioneers
Presently, Speed Auction TV sells products in themed hours. Some of the themes include electrical products, fashion, home appliances, jewelry and outlet live. The website of this channel also helps one bid for different items listed under various categories. For example, under electrical items, one can bid for phones, cameras, home appliances and other such stuff. This categorization helps one to narrow down the search. There are many auctioneers who guide viewers through the bidding process. Chris Rhodes, Nicola George and Mike Smith are few of them.