You may need (or want) to sell your car, firearm, toolbox, or some comic books … so our question today is, “Why sell at auction?”
First, an auction allows your property to be sold “to the highest bidder.” An auctioneer can take care of all the preparation, marketing, process payments, etc. so you are left to do other things you want to do.
Further, most auctions sell property “as-is” without guarantees, warranties nor return policies. Too, almost anything can be sold at auction where otherwise you may find it difficult to secure an adequate market and maximize price.
Many auctions also (or instead) accommodate online bidding where bidders can bid from all over the world. Here as well property sells to the highest bidder and auctioneers can ship your property or otherwise coordinate pickup/possession.
About $264.65 billion in property was sold in the United States at auction in 2018. We wrote about the overall 2018 auction market here: https://mikebrandlyauctioneer.wordpress.com/2019/09/25/the-state-of-the-united-states-auction-market-2018/.
Owners have used auctions for over 2,000 years to sell almost all types of property (real and personal) on earth. There’s no better way to sell that hard-to-market item and/or and receive the highest possible price.
Mike Brandly, Auctioneer, CAI, CAS, AARE has been an auctioneer and certified appraiser for over 30 years. His company’s auctions are located at: Mike Brandly, Auctioneer, RES Auction Services and Goodwill Columbus Car Auction. He serves as Distinguished Faculty at Hondros College, Executive Director of The Ohio Auction School, an Instructor at the National Auctioneers Association’s Designation Academy and America’s Auction Academy. He is faculty at the Certified Auctioneers Institute held at Indiana University and is approved by the The Supreme Court of Ohio for attorney education.