What is an Auction

An auction is an event in which goods or property is sold to competitive bidders. By being open to the public, an auction ensures a wide range of bids, and sometimes items at auction can fetch surprisingly high prices. The bidders, in turn, create a free competitive market, determining on an individual basis how much they want to pay for an item, rather than having either under or over prices dictated by the seller.

WHY SHOULD YOU SELL YOUR ASSETS AT AUCTION?

The auction method of marketing is one of the world’s earliest professions. In fact, this unique method of selling literally dates back to thousands of years and the reason for this is quite simple. Auctions are the quickest and most efficient method of selling goods at market value. Truly professional auctioneers are professionals that typically have years of experience and an extensive educational background in the auction industry.