st louis auctions platinum auctions st louis mo: Auctions - Auction Education - How Does an Auction Work?
- 08/17/14 03:15 AM
"How do Auctions Work"? and "What does the Auctioneer say?" are questions I'm oftern asked by clients. There are generally three types of Auctions used to sell Real and Personal Property. Types of Auctions Absolute Auction (or auction without reserve) 1. The property is sold to the highest bidder, regardless of the price. 2. Since a sale is guaranteed, buyer excitement and participation are heightened. 3. Generates maximum response from the market place. 4. Many sellers, including financial institutions and government agencies have begun to use this method more frequently. Minimum Bid Auction 1. The auctioneer will accept bids at or above a published minimum price. This minimum … (0 comments)
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Cathy Roesch 618-233-1000
St Louis MO Auctioneer, Estate Appraiser & Auction
"How do Auctions Work"? and "What does the Auctioneer say?" are questions I'm oftern asked by clients.
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