Types of Auctions We Offer
ABSOLUTE AUCTIONS: The word absolute is defined as being “free from restriction or limitation.” Absolute auction events are auctions when the product sells to the highest bidder regardless of price. Since 1968, our firm has witnessed that absolute auctions increase your auction attendance and interest by at least 50% and increase your overall return by at least 25%. We have personally sold several of our own family properties via this method.
AUCTIONS with an UNDISCLOSED RESERVE PRICE: These are auction events in which the seller and auction firm mutually agree that the product will not sell unless and until an undisclosed reserve price is met or realized. Quite simply, if the auction price does not meet or exceed the reserve price, the property does not sell.
LIVE OUTCRY AUCTIONS: These are auction events that are held on site or at a neutral location, and are conducted by the auctioneer “calling the bid” in a traditional auction chant style.
ONLINE ONLY AUCTIONS: These are auctions that are totally conducted and transacted through 100% online bidding via the internet. Typically, these are timed events where the buyer has a certain number of days or hours to competitively bid on property with a designated close time.
LIVE/ONLINE AUCTIONS: These are auctions where the seller and buyer can conceivably get the best of both worlds. These auctions combine the “live outcry” method and the “online” auction method. Buyers can choose either to show up at the auction and bid to the auctioneer “live on the lawn” or bid live real time online via the internet. Our firm conducts these type of auctions at most of our events.
Nicholls Auction Marketing Group, Inc.40 Carriage Hill Lane
Fredericksburg, VA 22407
Licensed in DE,LA,MD,VA,NC,SC,TN,FL,WV,PA,KY