Live auctions with simulcast bidding bring most money

By Bryan Scribner
editor

Best with multiple platforms for bidders

The typical Auctioneer is a male 51 to 65 years old who has been in the business for 21 years or more, according to results of an auction industry survey released in late May.

The survey, which asked respondents to provide information about their auction businesses in 2009, had a sample size nearing 2,000 Auctioneers from across the U.S. About 850 of the participants were members of the National Auctioneers Association.

Michigan State University’s Broad College of Business conducted the survey, “Auction Industry 2010: Industry profiles, trends and success keys,” which was sponsored by the NAA, IT Risk Managers Inc., Okemos, Mich., AuctionZip, Bedford, Pa., and state Auctioneer associations.

Most Auctioneers, about 500, reported total gross commission revenue (income before expenses) at less than $25,000. About 50 reported gross revenues at more than $5 million.

Read more here.

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