Category: Auction Types

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 »

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 »

Exploring Different Auction Types

Exploring Different Auction Types

When you think about an auction, images of a fast-talking auctioneer standing on a stage in front of an audience raising bid paddles are likely to come to mind. But did you know that there are actually several different types of auctions? Absolute auction An absolute auction is the most common type of auction in… Read more »