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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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    Hidden Treasures
    Omaha, NE 68101
    Originally founded in 1976, we are the area's oldest tag and estate sale company. We offer years of professional experience when it comes to different estate and moving sales.
    (402) 455-3323
    Ed Spencer Real Estate
    322 E 7th St Ste 1, Logan, IA 51546
    Ed Spencer Real Estate is your Omaha metro connection for rural Iowa property. We cover the States of Iowa and Nebraska, concentrating in Southwest Iowa and the Omaha Metro Area.
    (712) 644-2151
    McCall Auction & Real Estate
    2120 Iowa Ave, Onawa, IA 51040
    Since 1935 McCall Auctions have served western Iowa and eastern Nebraska with Auctioneering Services of all kinds. Land, Estates, Farm Machinery, Business Liquidations are only a few of the type auctions they conduct. Their following and reputation are why they should be your choice.
    (712) 423-1901
    Second Chance Antiques & Collectibles
    1116 Jackson St, Omaha, NE 68102
    (402) 346-4930
    Hunyady Auction Company
    6100 N 16th St, Omaha, NE 68110
    (402) 827-9321
    16th St Auction
    1401 S 16th St, Council Bluffs, IA 51501
    (712) 322-7030
    I80 Auto Auction
    5402 L St, Omaha, NE 68117
    (402) 408-3401
    Pee Wee S Auction Company
    5815 N 60th St, Omaha, NE 68104
    (402) 505-9752
    Omaha Auction Center
    7531 Dodge St, Omaha, NE 68114
    (402) 397-9575
    Auction Solutions LLC
    9808 Military Rd, Omaha, NE 68134
    (402) 571-0393
    Omaha Auction Center LTD
    7531 Dodge St, Omaha, NE 68114
    (402) 397-9575
    Auction Solutions Inc
    7811 Military Ave, Omaha, NE 68134
    (402) 571-0393
    Oehm Scott Barber Shop
    8811 Maple St Ste 1, Omaha, NE 68134
    (402) 397-2433
    Amark Solutions LLC
    8990 W Dodge Rd, Omaha, NE 68114
    (402) 934-6100
    Dave Shively Auctioneer
    8049 State St, Omaha, NE 68127
    (402) 677-1059

    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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