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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.
    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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    Wegner Auctioneers
    7610 Lawndale Rd, Freeland, MI 48623
    We are a complete professional auction and appraisal service in -State. We specialize in conducting high quality agricultural, commercial, farm, estate, and real estate auctions.
    (989) 793-8689
    Furlo Auction Service
    490 E Brooks Rd, Midland, MI 48640
    (1) Review Write a review
    (800) 673-8756
    User Review: "Be sharp where buying from their auctions. If you find you did not buy a complete set and find the missing pieces later...." - Gary (MI)
    Ihander Auctioneering
    W5891 Number 5.25 Ln, Menominee, MI 49858
    Ihander Auctioneering was founded in November 2003. We are located in Menominee, Michigan which is located in the beautiful Upper Peninsula. We are able to provide a professional auction service.
    (906) 864-1480
    Trufant Auction & Flea Market
    303 N C St, Trufant, MI 49347
    (1) Review Write a review
    (616) 984-2168
    User Review: "Nice place great flea market and side auction on thursdays. action start at 10 flea market ends aroun noon"
    Banister Auction Services
    Menominee, MI 49858
    Let our auctioneers auction off your gently used and new possessions at estate sales and silent auctions. We appraise jewelry, artwork, automobiles, coins, and much more.
    (715) 587-9108
    MI On Site Auctions LLC
    23125 Greater Mack Ave, Saint Clair Shores, MI 48080
    (1) Review Write a review
    (586) 447-6545
    User Review: "We used the company for help setting up a "family run" sale,we obtained a lot of useful information for a reasonable fee." - Bob (MI)
    G & J Estate Sales
    Bay City, MI 48706
    (1) Review Write a review
    (989) 684-4164
    User Review: "Dont waste your time going to their sales because the good items are taken out to be sold on the internet high prices." - Michael (MI)
    Interstate 94 Vehicle Auction
    11990 Norton Rd, Parma, MI 49269
    (2) Reviews Write a review
    (517) 531-3311
    User Review: "Came down with my dad to buy my 1st car. We had to call for directions and a woman from customer service was super helpful...." - Jenny (CA)
    Southgate Goldmine
    14432 Northline Rd, Southgate, MI 48195
    We offer professional appraisals for gold, silver and precious stones. If you need your valuables valued, or would like to buy, sell or trade your property or jewelry, give us a call today.
    (734) 281-1333
    AAA & All Size 2 to 40 Yard Dumpster Rentals Trash
    Holly, MI 48442
    We have all sizes of dumpster rentals for your home. Call today. Dump trailers, junk removal, and hauling services.
    (248) 634-3867
    Auction Today Consignment Shop
    66605 South Forest Avenue, Lenox, MI 48050
    Take a walk through a pickers paradise, full of antiques, collectibles, jewelry, tools, artwork, furniture, and more! Spend 15 minutes or 1 hour and you still won't see everything available for sale.
    (586) 430-1801
    Maynards Industries Inc
    21700 Northwestern Hwy Ste 830, Southfield, MI 48075
    (248) 569-9781
    Bos Timothy G
    Jackson, MI 49201
    (517) 784-2177
    The Auction Block
    12660 Greenfield Rd, Detroit, MI 48227
    (313) 744-3877
    Warfield Auction Services
    3319 Baseline Rd, Leslie, MI 49251
    (517) 589-8112

    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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