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 »
Category: Auctioneer Terms
Tips for First Time Auction Buyers
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 »
Auction Chant: How to Better Understand the Auctioneer
It’s no surprise that many people find it confusing to unpack exactly what an auctioneer is saying. Auctioneers are required to be very specific with their language, but we’re here to help you decipher the chant so you’re better prepared for your next auction! The basic elements of an auction chant An auction chant basically… Read more »
Bidder’s Choice: What Does it Mean?
Whether you’re a seasoned veteran or just a beginner, everyone can agree that the extensive vocabulary you hear at an auction can be a little overwhelming. Between the statement, the hammer and the rhythmic chant, there’s a lot to take in, but it’s “bidder’s choice” that quite possibly could be the most essential term you… Read more »
Auctioneer Terms You’ll Want to Learn
At auctions, you can expect auctioneers talking a mile a minute and buyers waving their paddles in the air. So how are people able to keep up enough to actually make a bid? Knowing common auctioneer terms can be the key to success. Auction chant Known as “the chant,” auctioneers’ fast-talking styles date back to… Read more »