Types of Auction

Discover the various auction formats, from traditional live sales to specialist auctions, helping you understand which type suits your needs best.

Auction Terminology
Like any field auctions have their own terms, many that apply to both online and in-person auctions. If you’re going to take part as either a bidder or a s...
Buying a Car at An Auction
If you know what you’re doing you can pick up a bargain at a car auction – but the real emphasis is on the last part – you really have to know what you...
Buying a Residential Property at Auction
Buying a house or flat at auction can be a cheap way to get on the property ladder or to increase your holdings. It works the same way as any other auction �...
Collectible Auctions
Collectibles of all kinds are hot. It can be movie or music memorabilia classic cars, toys – so much qualifies as collectible. What you’ll also find is t...
Dos and Don'ts for Charity Auctions
Charity auctions are a great idea. Rather than just collecting money for a charity they offer something as an incentive and often that something is very good...
Five Things to Beware of With TV Auctions
TV auction channels are extremely popular. Though relatively new, the idea of bidding for goods on TV is fast becoming one of the UK’s favourite things to...
How Charity Auctions Work?
Charity auctions are a great way of raising money for worthy causes, getting a community together and getting individuals involved in various different aspec...
How Do Reverse Auctions Work?
Have you ever seen web sites which read “firms compete for your business!” Or perhaps a site where you state what you’re willing to pay for an item or...
How to Buy Art at Auction
Probably the highest profile of all modern auctions are the art auctions. Record prices for major works by big names are broken regularly making the newspape...
How to Buy Commercial Property at Auction
Buying commercial property as an investment isn’t something for the novice or the unwary. The market is primarily made of up professional investors who hav...
How to Organise Your Own Charity Auction
Charity auctions are a great way of raising money for a good cause. Items are offered and guests make bids with the highest bid taking the item home. All the...
How to Research a Property Properly
Buying at auction can be risky but with enough research you can make sure you get it right and make no mistakes. There are plenty of companies that run resid...
How to Use Online Auctions
There’s little doubt that the advent of online auctions in the 1990s revolutionised the way people viewed auctions. Before that they’d been largely seen...
In-Person Auctions and Auction By Proxy
The first recorded incident of an auction was in 500 B.C. in Greece. Since then, throughout the ages, auctions have flourished and grown. For many years, in...
Police and Government Recovered Property Auctions
What do the police do with all those items they confiscate, anyway? Or what about various government departments? They surely don’t just throw out everythi...
The History of Auctions
Auctions have been used as a method of selling for a long, long time - the first recorded auctions were in Ancient Greece, but it's perfectly possible that t...
The Role of a Auction House
The auction house has been central to auctions for centuries (Sotheby’s held its first auction in 1744 for example), and these days you can find auction ho...
The Role of an Auctioneer
Despite only coming to most of our attention in recent year property auctions have been around for a long time. Long before daytime television shows brought...
TV Auction Channels: How Do They Work?
TV auction channels are cable or satellite channels where viewers can watch and buy items that are sold on the channel. Items are often much cheaper than can...
Unusual Property Auctions
Buying a property at auction is becoming the norm. While going to an estate agent, viewing a property and handing over the money used to be the only way of b...
Wine Auctions
You might not have given it a great deal of thought but wine auctions are big business. A single bottle can go for hundreds, even many thousands in some inst...