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Fort Wayne, Indiana - 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.
    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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    20 Maxx
    2703 Kenwood Dr, Fort Wayne, IN 46805
    20 MAXX in Fort Wayne, IN, sells household goods and electronic toys via our online auction. Check our inventory, place bids on items, and pay online.
    (260) 222-8921
    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)
    Charleston Auctions
    433 Council Dr, Fort Wayne, IN 46825
    (260) 373-0850
    Harvey Auctions
    6507 Newburgh Pl, Fort Wayne, IN 46835
    (260) 452-1199
    Fort Wayne Auto and Truck Auction
    3600 E Washington Blvd, Fort Wayne, IN 46803
    (260) 748-2000
    Cgs Auction and Realty
    7923 Lima Rd, Fort Wayne, IN 46818
    (260) 399-2443
    Auction Center Inc
    7923 Lima Rd, Fort Wayne, IN 46818
    (260) 749-9545
    Hixson Sand & Gravel
    6178 County Road 7, Garrett, IN 46738
    (260) 357-4477
    Auctions America by Rm
    5540 County Road 11a, Auburn, IN 46706
    (260) 927-9797
    Hoover Auction & Realty
    5652 County Road 64, Spencerville, IN 46788
    (260) 238-4999
    Jernigan Auction & Real Estate
    308 S Main St, Auburn, IN 46706
    (260) 572-6490
    Auburn Auctions LLC
    5437 County Road 27, Auburn, IN 46706
    (260) 927-1111
    Littlejohn Auctions
    117 E 9th St, Auburn, IN 46706
    (260) 925-2796
    Keystone Reality & Auction
    1012 S Oak St, Bluffton, IN 46714
    (260) 353-1155
    Holloway Auctio
    1103 S Main St, Bluffton, IN 46714
    (260) 824-5060

    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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