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Cincinnati, Ohio - 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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    All Done Auction Co., Llc
    1314 Evalie Drive, Fairfield, OH 45014
    All Done Auction Co., LLC provides auction and real estate services thru Brokerage of Group Realtors. Vicky Carlton, President/Auctioneer/Realtor/CVS/CES specialize in Benefit Auctions.
    (513) 417-2976
    Crown Auction & Realty Co
    4017 N Main St, Dayton, OH 45405
    (1) Review Write a review
    (937) 278-4883
     
    User Review: "Many items unaccounted for I do not recommend. If you use this auctioneer have an accurate list of all items. Asked..."
    Robinson Sotheby's International Realty
    2722 Observatory Ave, Cincinnati, OH 45208
    (513) 321-6000
    Adesa Auto Auctions
    8200 Reading Rd, Cincinnati, OH 45237
    (513) 761-1034
    Main Auction Galleries Inc
    137 W 4th St, Cincinnati, OH 45202
    (513) 621-1280
    Cowan's Auctions Inc
    6270 Este Ave, Cincinnati, OH 45232
    (513) 871-1670
    Toy Trains Wanted
    1518 Dixie Hwy Ste 4, Covington, KY 41011
    (859) 261-2500
    Auctions by Maggie Inc
    3350 Harrison Ave, Cincinnati, OH 45211
    (513) 471-6936
    Queen City Auctions
    4767 Interstate Dr, Cincinnati, OH 45246
    (513) 860-1912
    Fast Track Auctions
    4000 Mcmann Rd Ste 1, Cincinnati, OH 45245
    (513) 771-1700
    Shipwreck Auctions, L L C
    3424 Decoursey Ave, Latonia, KY 41015
    (805) 703-3630
    Early's Antiques Shop
    123 Main St, Milford, OH 45150
    (513) 831-4833
    Treasure Grove Auctions
    4771 Dixie Hwy, Fairfield, OH 45014
    (513) 829-5500
    Enterprise Auction Inc
    8817 Harrison Pike, Cleves, OH 45002
    (513) 353-9878
    Christine's Attic Auctions
    2409 Old State Route 32, Batavia, OH 45103
    (513) 735-5111


    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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