News
Real Estate Auctions Lead the Way! - February 5, 2008
In 2007 the gross revenue from goods and services sold at live auction grew 5.3% to $270.7 billion. In 2006, the auction industry sold $257.2 billion in goods and services at auction, an increase of 7.1% from 2005. The annual report was compiled by Morpace, Inc. on behalf of the National Auctioneers Association (NAA) which surveys auction professionals to determine the state of the industry, as well as track key auction specialties within the industry. While traditional real estate professionals continue to face the challenges of a housing market downturn, the real estate auction market continues to be one of the fastest growing auction sectors generating $58.4 billion in 2007. Within the real estate segment (i.e. residential, land/agricultural, commercial/industrial), residential real estate auctions witnessed the largest growth, increasing 5.3% from 2006. Accounting for 32% of the total live auction industry, automobile auctions continue to be the largest sector of the industry generating $87.8 billion in sales. Charity auction revenue grew from $15.6 billion in 2006, to $16.2 billion in 2007, an increase of 4.1%. The overall number of live auctions conducted in 2007 increased by 4.6%. "The live auction industry continues to grow at an amazing pace," said NAA president Tommy Williams, CAI. "More and more consumers are realizing the benefits of buying and selling at live auction. Consumers are now buying or selling their homes, purchasing art and antiques, or raising capital for charitable causes through auctions."
|
More News Items: |
| Turn It To Cash! - June 19, 2007 |
| Voted 2007 Best Auction Web Site - January 15, 2007 |
| New to Auctions? - December 15, 2006 |
| Fall Farm Consignment Online! - November 19, 2006 |
| Real Estate Auctions Work! - June 27, 2006 |
| John Deere D Sold at Auction! - June 5, 2006 |
| Farm Equipment Consignment Overflowing! - March 31, 2006 |
| Tree Service Auction Huge Success! - February 27, 2006 |
| Welcome to Our New Website - February 7, 2006 |
|
|
|
Auction
Calendar 
