A Guide to Winning Auctions Without Overpaying

Auctions can be fun, exciting and unpredictable. Once in a while there’s something up for auction that is rare or odd enough that several people want it, and are willing to pay extravagant amounts of money to “win” it. Of course, that’s not usually the case, but it does happen, especially with rare pieces of… Read more »

Here’s Why You Should Consider Participating in Farm Equipment Auctions

Farm life is not for the faint of heart. Working on a farm is literally hard work. It involves long hours, animals, dirt, food and ever-increasing costs. Of course, most farmers want to find ways to save money, right? And when there comes a time that new or replacement farm equipment is needed, does it… Read more »

Common Silent Bid Issues

If you’ve ever been to Dave & Buster’s where they have lots of video games you’ll probably notice a table full of movie, TV and sports memorabilia, often autographed. These items are part of a silent auction whereas you can write your name and information on a sheet of paper in front of the item… Read more »

How to Ensure Your Online Auction Runs Smoothly

Now that you have decided to host your auction online, you may be left with a few questions or some general anxiety about making sure it goes well. While online and in-person auctions do run differently, they are the same in the fact that the end goal is to raise money and have a fantastic… Read more »

Absolute Auctions Versus Minimum Bid Real Estate Auctions

Not too many people know about the ins-and-outs of real estate auctions. For instance, did you know there are essentially three different types of real estate auctions? There’s an absolute auction, also known as an auction without reserve, as well as a minimum bid auction and/or a reserve auction (also known as an auction subject… Read more »

A Bidders’ Guide to Liquidation Auctions

To liquidate is to wind up the affairs of a company by ascertaining liabilities and apportioning assets. At least that’s the dictionary definition. But what does that mean for auctions? What is a Liquidation Auction? What’s a liquidation auction, specifically? When a company goes out of business (or goes bankrupt or is foreclosed on) they… Read more »

What Does Good Auction Etiquette Entail?

Wilson Auction & Realty of Bryan, Ohio, conducts several auctions each month, both in-person and online. All sorts of things can be auctioned, and all sorts of buyers seem interested in what’s for sale, whether it’s residential or commercial property, farm equipment, machinery or whatever else is listed. Etiquette is the customary code of polite… Read more »

Auction Bidding Has Game Like Elements

Bidding at auctions has some game-like elements. After all, you can win or lose the auction. Ideally, you want to play to win, and use strategy to get what you want. Have you ever played a board game with family members, and someone was losing? Those games can get really competitive quickly. And, games can… Read more »

Reminders Before Going to a Heavy Equipment Auction

Going to a heavy equipment auction anytime soon? What are some good reminders before you attend? New or Used First, think about whether or not you want a brand new piece of equipment or if used will do. Oftentimes, you can get a nearly-new or used piece of heavy equipment at an auction for a… Read more »