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 »
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 »
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 »
Virtual auctions and online auctioning platforms have emerged more prominently over the past decade and made auctions far more accessible to both buyers and sellers from all over the world. With their many benefits, it’s not hard to see why online auctions have become so popular. But remember—winning at an online auction is going to… Read more »
The Oklahoma State Auctioneers Association [OSAA], founded in 1955, was created to establish a community of fair auctioneers and buyers. As a full-service auction and realty company, Smith & Co Auction & Realty is dedicated to providing exceptional service for both buyers and sellers. There are many advantages to joining an auctioneer’s association, here are… Read more »
Internet and smartphone technology have truly revolutionized different industries far and wide—and the auction industry is no exception. Virtual auctions and mobile apps make it easy for bidders and buyers to connect quickly and from the comfort of their own homes. Here at Smith & Co Auction & Realty, we like to make it as… Read more »
Whether you need to get your items sold quickly or need the best possible deal, auctions make large equipment transactions easy for both the buyer and seller! Many manufacturers need to make way for new ranges of equipment, and the rental market needs to refresh their fleet regularly, meaning all redundant equipment usually heads to… Read more »
Live auctions can be both exciting, and intense. They’re incredibly fast-paced events, where auction-goers bid against one another in a format that can be dizzying if you’re new to it. But actually, live auctions are a great place to find a deal—it’s where the real value of an item can be appraised and debated. That’s… Read more »
A land auction offers one of the easiest ways to invest in property. The process is very straightforward, and every potential buyer is placed on a level playing field. Here are a few things to know in order to be successful at your next land auction! Research and be prepared Often, the team of real… Read more »
Planning on attending a live auction but unsure of the proper etiquette? Read on for some helpful tips so that you’ll be ready to start bidding! Do: Bid for what you want Only bid for items you really want to win. Try not to get caught up in the excitement and bid on something you’re… Read more »
