Jay Allen, Auctioneer
(270) 564-2725 | Jay@PaducahAuction.com
Robert Alexander Real Estate & Auction Co.
Robert Alexander, Principal Auctioneer
The following is a history of auctions from the National Auctioneers Association.
Auctions Come to America
Fur was especially big during this time. In his book, "Going, Going, Gone!," Bellamy Partridge says "the Bible and the beaver were the mainstays of the Pilgrims, the Good Book saving their souls and the beaver paying their bills."
Initially, the furs were collected from Native Americans in the fall and winter, utilizing the "private treaty" method of exchange for "wampum" (the Native American word which meant money). The raw pelts (or hides) were transported to the closest shipping port. In the spring of each year, the auction method was used to sell the raw peltries to the European merchants who arranged the transcontinental voyage to the Old World. Once the ships returned to the port in Europe, the peltries were auctioned to manufacturers, who would process them for the retail market. The early fur trade was chiefly responsible for the settlement and development of North America.
Civil War Era
History has it that the art of auctioneering was a common practice for Civil War Colonels who regularly auctioned off the spoils of war and surplus. However, only officers of the Colonel rank could conduct them, spawning the use of the term "Colonel" by many auctioneers still today.
A short historical narrative from one of the top auction schools details this process: "As the Civil War progressed, many troop battalions made a practice of seizing property of land owners and merchants as they marched. Contraband would be collected and carried to a favorable area, then the Colonel or commanding officer would sell the goods at public sale. Even after the Civil War, military Colonels traveled to sell surplus goods and seized goods. Auctioneers followed some of the same trails and dressed similar to army Colonels to such an extent that the public began to recognize auctioneers as “Colonel.”
Other Names for Auctioneers
Opening of Auctions Schools
Challenges for Auctioneers
Because travel was more difficult, and was mostly by horse and wagon, auctioneers enticed crowds by routinely offering lunch to those who came to the sale. Weather often dictated the time the auction started, as all were held outdoors.
The Great Depression
The 1990s through Today
Auctions burst into cyberspace in the middle of the decade. The ever flourishing eBay was launched in 1995 and would go on to become an "online leader" in the bidding business.
Many auctioneers today offer both live and online auctions to meet the needs of customers near and far. Technology allows buyers to participate in the sale without even being there.
he Robert Alexander Real Estate Auction is an accelerated method of marketing all types of fine and RARE properties from farm, industrial and commercial to homes, villas, lakefront and luxury properties. Twenty years of constantly evolving from cutting edge to state-of-the-art. During this time Robert Alexander/RARE Auction Group has provided services to estates, individuals, corporations, Local, Federal and State Governments, and the leading financial institutions with unparalleled success. We invite your closet scrutiny. We are proud of our history and we will provide references, testimonials and a complete illustrated proposal with details of all aspects of your auction. We feel you’ll discover a RARE Auction in your near future - sold the day you want it - sold at true market value.
© 2010 Jay Allen. All Rights Reserved.
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