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HISTORICAL PERSPECTIVE ON THE AUCTION INDUSTRY

Recognized and common way of transferring title to property in ancient Greece – 500 B.C.

Auctioneering was a mandated method of sale conducted by licensed auctioneers in Rome- 50 A.D.

First major real estate auction – 100 A.D.; Property for sale – the entire Roman Empire!

United Kingdom – licensed auctions of real estate since 1289 – court ordered sales became popular.


Modern day companies have their start

A "Gentleman's Profession"


Auctioneering in the
“New World”

Little land transfer
Limited chattels transfer


An unfortunate role in bleak chapter of history:


The
US Auction Group
Method

10 Simple Steps

  1. The initial meeting is set up when you call US Auction Group or make a call directly to one of our auctioneers.  
  2. An on-site inspection of your property will be made by our personnel.

  3. Our auctioneers will present you with a written proposal determining your auction  date, location, time, advertising costs, auction commission, all auction related expenses, etc.

  4. After the terms in the proposal have been agreed upon, it is legalized with a written agreement that is signed by both the seller and US Auction Group.       

  5. The profits from your property will be maximized when backed by a strong advertising and promotional program.  This will be implemented at once after the contract is signed.

  6. Site preparation will begin well in advance of your auction so that it will be presented in the best possible condition.  Equipment or inventory will also be  inspected to determine repairs, cleaning, painting, etc.

  7. If you have equipment or inventory, it will be arranged so that it is shown to its best advantage during inspection.

  8. On auction day, our auctioneers, bid assistants, cashiers and auction clerks will manage the auction and record all transactions.

  9. An important part of the professionalism with which we close our auctions is the fast, accurate and honest manner in which we make our settlements.

  10. Immediately after your auction, our accounting staff begins closing the books and finalizing all paperwork.  Within days your check will be delivered to you.

 

National Auctioneer Association Member of the National Auctioneers Association

 

 


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