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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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    Best Buy Auctioneers
    2 Overhill Road Suite 400, Scarsdale, NY 10583
    Best Buy Auctioneers is an Appraiser & a Liquidator auction company for over 30 years of experience in the Auction business for restaurant auction, equipment auctions, delis auctions, hotels auction.
    (914) 940-4458
    Best Buy Auctioneers
    445 Hamilton Avenue Suite 1102, White Plains, NY 10601
    Best Buy Auctioneers is an Appraiser & a Liquidator auction company for over 30 years of experience in the Auction business for restaurant auction, equipment auctions, delis auctions, hotels auction..
    (914) 940-4418
    Federal Auto Auction
    110 E 138th St, Bronx, NY 10451
    (1) Review Write a review
    (718) 292-5500
    User Review: "I need to know what day the auctions start and where are they located at and also when it starts"
    A A A Auction &
    822 Palmer Rd, Bronxville, NY 10708
    (914) 793-7092
    Freight Liquidators
    18 Tuckahoe Rd, Yonkers, NY 10710
    (914) 338-7743
    National Wholesale Liquidators
    798 Central Park Ave, Yonkers, NY 10704
    (914) 377-0197
    M H Snyder & Sons Inc
    49 Bronxville Rd, Bronxville, NY 10708
    (914) 961-9124
    Worldwide Merchandise Resources Corp
    55 E Grassy Sprain Rd Ste 200, Yonkers, NY 10710
    (914) 395-3300
    Ross & Mark
    559 Gramatan Ave Ste 209, Mount Vernon, NY 10552
    (914) 699-8600
    Alco Capital Group Inc
    10 Nelson Pl, Tenafly, NJ 07670
    (201) 871-1463
    MEGA National Liquidators
    4001 White Plains Rd, Bronx, NY 10466
    (718) 882-6636
    Adams Unlimited Inc
    21 Mount Vernon Ave, Mount Vernon, NY 10550
    (914) 668-0374
    Henry Leonard & Co Inc
    333 Sylvan Ave Ste 205, Englewood Cliffs, NJ 07632
    (201) 541-6999
    United National Liquidators
    3415 Jerome Ave, Bronx, NY 10467
    (347) 843-0865
    J J & Wonam Inc
    359 E 204th St, Bronx, NY 10467
    (718) 547-4468

    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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