How might technology impact the auction process in North Carolina?

The utilization of online bidding platforms represents a significant advancement in the auction process, enhancing accessibility and participation. By incorporating technology, auctioneers can reach a broader audience beyond the local geographic area, allowing bidders from different locations to participate in auctions in North Carolina. This inclusion of online bidding creates opportunities for higher competition, potentially leading to better prices for items being auctioned. Additionally, online platforms can streamline the bidding process, making it easier for participants to place bids in real time, view items, and receive updates without the constraints of being physically present at an auction location.

The other options do not reflect the full potential of technology in the auction setting. For example, limiting bids to in-person only or restricting participation to local bidders does not leverage the capabilities of modern technology. Similarly, using technology solely for advertising purposes fails to account for the often transformative role that online bidding plays in expanding market reach and enhancing the overall auction experience.