Category: Auction Facts

How Technology Has Changed Auctions

The history of auctions dates back to 500 B.C. The Roman Empire used auctions to liquidate and estate goods. The earliest records of auctions can be found in the 1595 Oxford English Dictionary. As times have changed the face of auctions has transformed to accommodate the digital age. When most people think of online auctions,… Read more »

Tips for First Time Auction Buyers

Auctions are a great way to purchase real estate, antiques, and rare items. If you are new to auctions, however, there are a few things to keep in mind to make your experience as smooth and enjoyable as possible: Arrive Early Most auctions have 90 minutes of preview time before the event gets started. This… Read more »

Auction Terms You Should Learn

At auctions, you can expect auctioneers to be talking a mile a minute and buyers quickly waving their paddles in the air. Although the process is fairly simple there are many terms that an inexperienced bidder wouldn’t know.   Knowledge of these  common auctioneer terms can be the key to success: Auction chant                                 Known as… Read more »

­­­­­­­Benefits of Real Estate Auctions

Trying to buy or sell a home or property on your own can become a headache and a hassle. What if few, if any, people are interested in it? How are do you find the right buyers?   An auction, on the other hand, is about bringing like-minded people together for a purpose, and auctions… Read more »

‘Grease’ Costumes to Be Auctioned for Cancer Research

This iconic musical debuted in 1978 and became the highest-grossing musical film at that time. Grease is well known for its 1950’s style costumes and choregraphed dance numbers. Now, 41 years from its premiere, Olivia Newton-John’s classic looks will be up for auction the public. A portion of the proceeds from the auction will go… Read more »

900-Year-Old Chess Piece to be Auctioned in London

900-Year-Old Chess Piece to be Auctioned in London

Purchased for just a few dollars five decades earlier, this medieval chess piece is set to go on auction for over $1 million dollars. This item was discovered when a Scottish family took the game piece to Sotheby’s, a British American company specializing in decorative art, real estate, and jewelry auctions. Sotheby determined that this… Read more »

Apollo 11 Lunar Module Timeline Book to Go On Auction

On July 20, 1969 Neil Armstrong and Edwin Aldrin became the first humans to land on the moon. The journey to space was a long road which is rooted in tensions between America and the Soviet Union called the Cold War. On October 4, 1957 the Soviets launched Sputnik, an intercontinental ballistic missile and the… Read more »

The Gun That Killed Vincent Van Gogh Is Up For Auction

Most famous for The Starry Night Vincent Van Gogh became a very influential figure in Western art. Although he was a very accomplished artist, he did not gain notoriety until his death in 1890. Van Gogh suffered from mental illness and died due to gunshot wounds from a  7mm pocket revolver. In 1888, after a… Read more »

The World’s Most Expensive Items Sold at Auction

Gavel with Money at an Auction

Items sold at auctions verge on the artistic, the fabulous, the rare, and the iconic. Some of the world’s most expensive items sold at auctions range from a balloon animal statue to an iconic dress worn by Marilyn Monroe. Take a look at what some people were willing to pay for the following items. “Portrait… Read more »

Bidder’s Choice: What Does it Mean?

Definition of Bidders Choice

Whether you’re a seasoned veteran or just a beginner, everyone can agree that the extensive vocabulary you hear at an auction can be a little overwhelming. Between the statement, the hammer and the rhythmic chant, there’s a lot to take in, but it’s “bidder’s choice” that quite possibly could be the most essential term you… Read more »