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Beaumont, Texas - Auctions search results Premier Listings

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Types of Auctions and Their Terminology

The auction is an old and unique method of making a purchase. Whether you attend an auction in person or participate in one online, the goal is to make the highest bid for the item you desire without paying more than you can afford. With the proliferation of online auctions, everything can be found on the block, from choice real estate to a collectible penny. Economists laud auctions for helping to create near perfect price discrimination.

  • Online Auctions - These auctions are a recent phenomenon. The public can log onto a specific website and bid on items ranging from houses to auto parts. The auction usually has a strict time limit. At the end of time, the website will distribute the item to the highest bidder.
  • Government Auctions - Government or Municipalities auctions raise money by selling off Repo goods at these specialized auctions. Often, a house or a boat that has been taking by the IRS will be sold at a greatly reduced price to the public. When IRS workers come around to collect property from tax dodgers, this is where that property ends up.
  • Charity Auctions - Nonprofit organizations raise money by auctioning off donated goods. Charity auctions for small organizations may include only minor equipment, however the larger NGOs and NPOs may auction off cars and Antiques.
  • Penny Auctions - These specialized auctions are gaining popularity due to an increase in copper speculation. Older pennies have a higher copper content. You can buy them by the sackful online and watch the price of copper slowly creep up.
  • Auto Auctions - These markets are the best way to find rare or refurbished cars unavailable on the mass market. Collectors and auto mechanics sell their most valuable vehicles through auctions to make the highest return.
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    National Auctioneers Association
    Overland Park, KS 66214
    Our association is the most committed providing our members with vital resources and professional development services. Make sure you have a membership to our auction association today!
     
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    Drake's Auction Company
    2650 Old Loueeta Loop, Spring, TX 77388
    We specialize in all fields of the auction industry.. charity, antiques, liquidations and more
    (281) 288-0084
    Network International
    3555 Timmons Ln Ste 1200, Houston, TX 77027
    We are the global marketplace for buying and selling used and surplus oilfield equipment. Obtain equipment through online auctions and private sales in the petrochemical, power, and mining industries.
    (713) 659-7500
    Pace Auction Service & Sales Inc
    7492 Neely Rd, Lumberton, TX 77657
    (409) 751-3797
    Beaumont Dealers Auction Inc
    12151 Highway 90, Beaumont, TX 77713
    (409) 866-5677
    Eagle Auction Pool
    7516 Shady Ln, Beaumont, TX 77713
    (409) 866-0700
    Trevizo Auctions & Services
    2755 Fm 1960, Dayton, TX 77535
    (936) 258-0000
    Woodville Auction Barn
    547 Us Highway 287, Woodville, TX 75979
    (409) 283-2211
    Pederson & Pederson Auction
    2435 Broad St, Lake Charles, LA 70601
    (337) 494-1333
    Jasper Auction House
    332 Springhill St, Jasper, TX 75951
    (409) 384-9243
    Auction Post Inc
    4401 Town Center Pl, Kingwood, TX 77339
    (281) 361-7653
    Southwest Auction & Realty, LLC
    2674 Highway 394, Deridder, LA 70634
    (337) 463-2200
    Auction Services America
    1811 Red Bluff Rd, Pasadena, TX 77506
    (713) 920-2917
    Surplus Sales Auction Co Inc
    2002 Burke Rd, Pasadena, TX 77502
    (713) 941-6008
    Auction Credit Enterprise
    9605 Galveston Rd, Houston, TX 77034
    (832) 649-5350
    Gallery Auctions
    13310 Luthe Rd, Houston, TX 77039
    (281) 931-0100


    Auctions are public events that allow people to bid on anything from houses, to antiques, to school memorabilia, to vintage coin and stamp collections. These events are sometimes large and sometimes small. An auction can be held by the government or it can be held by an estate or property owner. While auctions allow individuals and families to sell off cars, art pieces, home furnishings, and computer equipment, they also allow people to buy all sorts of items at lower rates. In this day and age, public auctions are not merely held at a house, estate, local site or large building. Now there are plenty of online auctions that sell overstock goods, home surplus items and vintage antiques. It is important to determine whether or not each item has a reserve price. This way you can decide if you want to buyout other bidders before the time runs out. On a separate note, there are also silent auctions that are held in public venues. Often these events are for high-end goods, antique jewelry, expensive artwork, and rare coin collections. Just keep in mind that once you place a bid, you cannot back out. Use the World Wide Web to learn more about auction house locations, government held events, online bidding, and residential home property for sale. This way you can focus on the type of auction you would be most interested in. You will likely discover that there are public auctions being held in your area and online all the time.
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