The_Auctioneer-BobThe Auctioneers at Bailey Auctions are educated marketing professionals versed in their field. They are detail-oriented, technology savvy and leaders in their community. They just keep getting better at their trade and that's a plus for consumers.The Auctioneer-Dad_1

Continuing education classes are another part of the Bailey Auctions business. Our Auctioneers attend classes to keep up on current trends and to learn new methods such as video auctioneering and live internet auctioneering.

 

The professional auctioneer is first and foremost a marketing specialist.

In order to best serve clients, the auctioneer must have a working knowledge of the value of the items being offered. The auctioneer must know how to use advertising to attract the people most interested in your property. That stimulates competition, thus securing the best possible results for the seller. Professional auctioneers are also versed in the Uniform Commercial Code, and, they are experts in the psychology of selling. All auctioneers at Bailey Auctions are professional auctioneers - their only profession / job is the auction.

The auctioneer wants the seller to be satisfied with the final bids received. At an "absolute" auction, each item goes to the highest bidder regardless of the bidding price, but – if the seller requires it – there are alternative methods by which his or her interests can be further protected. With real estate, for example, the property may be advertised "to sell – subject to the owner confirmation." This means the seller has the right to accept or reject the final bid. The seller may also choose to sell the property "with reserve." Here an item is identified as being offered with reserve, or a minimum amount the seller is willing to accept for the property. These techniques protect the seller, but they are also fair to bidders because they are fully explained before the auction gets underway.