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An Auction Guide
 
 

 

Introduction - Index

  

  • Being and auction consultant and avid auction goer for over 10 years, I have attended and participated in over 1000 auctions. The knowledge I have acquired during this time is being being expressed herein at the request of many people who have asked for help and assistance involving the process of selling and buying items at auction. These opinions are mine and do not reflect those of any one auction or auctioneer. I am not an expert. I am writing this article as a good reference for people who are new to the auction, distrust auctions or would just like to learn as much as possible. Every auction is different and to describe the process of each is impossible. I do not insinuate that every auction is the same. The following is provided as a general guideline, one in which, I hope will make your first or last experience a pleasant one.

  • Many thousands of auctions are held each year in every part of the world. My experience deals with the Mid-Atlantic States. The processes are going to differ from state to state, however many basic principals are the same.

  • First, lets start with the basics. The auction has been around since the late 1860's. After the Civil War there was a surplus of military goods, and non-military issue goods, which needed to be cleared from local inventories across the country. An appointed person was given the rank of Colonel and instructed to sell these items to the highest bidder. To this day the honorary title of Colonel is still used by many auctioneers. Items are sold in 'as is', and  'where is'  condition with a no guarantee clause. The auctioneer charges a 'commission' for services rendered, usually paid by the seller. However, some auctions charge a 'buyers' fee. Sometimes this fee is a result of a lower price charged the 'seller' as a means to get better quality items and sometimes the auctioneer just wants to increase his profit margin.

  • Navigation is accomplished by using the main menu on the left. Just click on the red help book next to the words Auction Guide and the topics will unfold. Or you can use the index below.
      
     

 

    

Copyright Information 

  

  • This reference is here for informational purposes only.

  • This guide may be freely distributed providing that I have been credited as the author, and a link to this website has been placed on each chapter. Thank You.

  • I would appreciate an email if you did use excerpts from this guide. But it's not necessary.

  • Written and Copyrighted 1997-2001 by Stan Daniloski,  Earth Station 9.

  

     
 

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