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A Glossary of Auctioneer Terms

Public auctions provide an avenue for buying surplus vehicles, fine art, forfeited homes and anything in between. Below is a glossary of different terms you’ll encounter when looking for auctioneers to use for buying or selling.

  • Estate Auctions – Real estate auctions sometimes sell property seized due to foreclosure. Homeowners sell their property through auction when they want a no-frills sale. You can buy houses and land this way.
  • Estate Sales – Estate sales are events in which the public is invited to view and buy items of a deceased person’s estate. You can find good value on jewelry, furniture, coin collections, kitchenware and household items at these events. If you don’t like the prices you see the first day of an estate sale, come back on its last day, at which point prices will have been reduced. Or, try negotiating with the auctioneer.
  • GSA Auctions – The U.S. General Services Administration supplies automobiles to government workers. When these cars are sent to auction, they provide an option for low-mileage cars that are usually only a few years old. You can also find farm equipment, vans and other types of vehicles at these auctions.
  • Salvage Title Auctions – Automobiles receive a salvage title when they have sustained damage deemed by the insurance company to surpass 50 percent of the car’s total worth. They are sold either live or online at salvage title auctions.
  • Silent Auction – This kind of auction is common to charity events and includes anything from art to getaway packages. Bidders write down their bids on sheets of paper placed around a room. There is usually a fixed starting price and a guaranteed bid for which you will definitely win the item.
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    National Auctioneers Association
    Overland Park, KS 66214
    If you're a professional auctioneer, make sure you have an active membership to our top industry association. Providing resources and business development for auctioneers and auction houses.
     
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    Laurel Auction Inc
    14725 Baltimore Ave Ste K, Laurel, MD 20707
    We are a group of auctioneers who can assist with different products. These products include furniture, jewelry, vehicles, coins, and more. When it comes to buying and selling, we are here for you.
    (410) 880-0864
    Albert G Hobbs Auctioneer
    200 Moser Cir, Thurmont, MD 21788
    (3) Reviews Write a review
    (301) 271-0772
     
    User Review: "This man took everything I had in my apartment and two storage rooms and never never paid me for them. He's ripped off..."
    Jane Campbell-Chambliss Appraisers and Auctioneers
    119 Prince George St, Annapolis, MD 21401
    Welcome to Jane Campbell-Chambliss & Associates, LLC, your family owned and operated full-service appraisal firm. We've been serving the Annapolis and surrounding areas since 2008.
    (410) 263-5808
    Solo Furniture Installer & Liquidator Inc
    6895 Washington Blvd, Elkridge, MD 21075
    (1) Review Write a review
    (410) 540-9929
     
    User Review: "Have purchased furniture at different times and they are very accomidating and great to work with."
    A.J. Billig and Company
    6500 Falls Road, Baltimore, MD 21209
    Full service auction firm specializing in real estate in the Mid-Atlantic Region.
    (456) 454-1532
    J.t. Rhoades Auctioneer
    3420 Old Elk Neck Rd, Elkton, MD 21921
    Mr. Rhoades of J.T. Rhoades Auctioneer conducts real estate auctions and sales in Elkton, MD. For inquiries, contact him today.
    (855) 779-9906
    Lease George
    6315 Fulmer Rd, Frederick, MD 21703
    (301) 473-5211
    Cochran Auction Complex
    7704 Mapleville Rd, Boonsboro, MD 21713
    (301) 739-0538
    Opfer Richard Auctioneering Inc
    1919 Greenspring Dr, Lutherville Timonium, MD 21093
    (410) 252-5035
    Carbiz
    6001 Reisterstown Rd, Baltimore, MD 21215
    (410) 358-1410
    Auction Brokers
    6721 Harford Rd, Parkville, MD 21234
    (410) 426-2622
    Zimmermans Auction Gallery
    2 Canal St, Hancock, MD 21750
    (301) 678-6821
    Goings Auctioneers LLC
    505 Pulaski Hwy, Joppa, MD 21085
    (410) 679-4201
    Tidewater Auction
    606 Baltimore Ave Ste 404, Towson, MD 21204
    (410) 825-0063
    Wilson Robert A
    3659 Bittle Rd, Myersville, MD 21773
    (301) 293-2252


    Auctioneers are professionals that conduct auctions. Essentially these experts take various bids on all kinds of automobiles, houses, artwork and jewelry that are up for sale. Once the bidding price stops increasing for an item, the item is declared sold by the auctioneer. It is common for these professionals to work at a specific property, estate or public government building. After all, there are auctions held daily all over the United States. Typically people attend these live events and make public bids on motor vehicles, antique furniture, land or other items of value. However, there are also silent auctions as well. However, you do not have to attend all live auctions in person. As you likely know, there are also online auction events held regularly. These tend to have many more bidders than live auctions do. In most towns and cities, there are auctioneers assisting with the sales of precious jewelry, farm equipment, classic vehicles and salvaged surplus goods. Sometimes these events are held as charity auctions. This means that all of the funds raised from the sale of land, old cars, furniture and other property goes straight to a specified charity. There are also bank auctions that involve house foreclosures or homes that are seized by a bank. These residential houses or farms are forfeited to the bank if mortgage payments are not met. You can easily learn more about auctioneers and different types of auction events by surfing the web. Just so you understand, a wide array of furniture, coin collections, precious jewelry and antique cars or automobiles are commonly bid on and sold at these events.
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