Auctions are known for unique, interesting, and sometimes weird items that end up selling for six or seven figures. Each year, these items make headlines for their peculiar nature. We decided to look back on what 2022 auctions produced that may make you scratch your head. Here’s what we found.
The concept behind an auction is straightforward: bidders submit bids for items, and the person with the highest bid receives that item. Beyond that, there are many nuisances involved with an auction, ranging from the types of auctions held to certain terminology used to describe aspects of an auction. This blog will explore some of […]
Bidding on a high-ticket item at an auction is thrilling. You’re competing with a few other participants as the dollar amount climbs ever higher. Soon, it’s just you and one other bidder. The price is beginning to exceed what you’re comfortable paying, but you can’t help it—you continue outbidding the other person until they finally […]
Auctions, when simplified, are just a way to sell goods or services in a competitive manner. From the seller’s perspective, they use auctions to get top dollar for their items. From the buyer’s perspective, auctions are a means to find a bargain. How you get to the result can occur in many ways depending on […]
Move over stock market, collectors items such as sports memorabilia have become a popular alternative for people to invest in – both young and old. What was once valued as a $5.4 billion industry in 2018 has since ballooned to $26 billion due to the pandemic. Not only did people have more time to […]
To the average consumer, stumbling upon a stamp collection in your grandmother’s attic may be just another pile of trash. To more savvy collectors, these stamps could be a potential gold mine. But how exactly do you know if your stamps are worth anything? This blog will help provide tips and information on how to […]
There is a reason heavy equipment is so expensive. Whether it’s an excavator or a bulldozer, the machinery itself is complex due to hydraulics, GPS systems, and the raw material needed during the production process – after all, these machines are huge. As expensive as these items are to purchase or maintain, they can also […]
Real estate auctions tend to have a negative stigma associated with them. Between banks looking to offload property due to foreclosures or government agencies needing to cut their losses from properties with tax liens, many of the assets auctioned off aren’t exactly glamorous. After all, they’re being auctioned off for a reason. But that’s not […]
Fast-talking auctioneers and fast-paced events with high-ticketed items are what most people think of when an auction comes to mind. While this may be the most popular way to auction items off, it’s certainly not the only way. Silent auctions, which involve placing bids silently and anonymously, are a popular auction type to help raise […]
Consider this scenario: It’s a Saturday morning, and you’re at your local auction house to bid on a new car. There are 20 other bidders present, and you know there will be stiff competition to walk away with this item. Knowing the stakes, you end up winning the car with not only the highest bid, […]
