Attending a live auction is fun. Some people enjoy looking at the items for sale, others enjoy bidding, and some come to hear the auctioneer’s chant. For other’s, it is all about the competition of executing the winning bid and claiming their prize. You can find incredible values and discover extremely rare items. Some people search for these items while others accidentally come across them while searching for something else. No matter the reason, people always seem to enjoy themselves at auctions.
Q.
What is an auction?
A.
An auction is the most advantageous type of sale that brings the buyer and seller together. The buyer has the opportunity to purchase products at a fair and reasonable price while the seller has the privilege of having several buyers bid on the items being sold to realize the maximum price. Auctions make people anxious and exited.
Q.
What is the auction method of marketing?
A.
It is a business transaction with a commitment to meet the needs of our client and our buyers. Many long hours are spent preparing for the auction to ensure a positive experience for both our client and our buyer. Responsibilities include providing an appraisal on merchandise and property, adequately advertising the auction, cleaning items to be auctioned to maximize price, keeping financial records of items sold, and cleaning the auction location after the sale.
Q.
What are the benefits of an auction?
A.
Auctions are the best and most efficient way to sell your property. The auctioneer and his staff organize items for sale and estimate their fair market value. Auctioneers professionally market the sale so people from throughout the area and even the country know about it. Auctioneers also create a competitive and entertaining atmosphere that attracts buyers to the sale. The auctioneer uses hand gestures, eye contact with the crowd and a rhythmic chant to entice the buyers and bring the sale to life. Through auctions, sellers obtain the highest possible price for their merchandise, dispose of all their property and receive money for their goods all in one day.
Q.
Why should I sell at an auction?
A.
An auction is a speedy process and is immediate. As the seller, you set the time and location of your sale. You know on the established date all your items will be sold. The auctioneer provides a comprehensive plan to efficiently market your property. Buyers come prepared to buy. There is no haggling over prices, bidders make a commitment to buy the property at the price without debate. Everything sells. There is little or no clean-up afterwards. The auction atmosphere offers competitive bidding and many times drives the prices of items higher.
