We celebrate National Auctioneers Day to commemorate our great profession’s history and celebrate the work for our forefathers who built the foundation for our industry’s future.
Overland Park, KS (Vocus/PRWEB) April 08, 2011
The third Saturday in April is an important day in the lives of auctioneers every year, ‘National Auctioneers Day.’ This special day is recognized by auctioneers across the world as a day to reflect back on one of history’s oldest professions and celebrate the profession’s rich history and traditions, as well as its future.
“For over 2,000 years, auctioneers have played a critical role in commerce,” said National Auctioneers Association President Mark Rogers, CAI, AARE. “The public, businesses and nations have depended on the professional services of auctioneers for centuries. They have entrusted us with their most valued and prized possessions to sell. We celebrate National Auctioneers Day to commemorate our great profession’s history and celebrate the work for our forefathers who built the foundation for our industry’s future.”
The last bastion of the competitive free enterprise system, auctions and the age-old profession of auctioneering continues to grow every year. It is estimated that approximately a quarter-trillion dollars in goods and services are sold by live auction every year in the United States. Online or on the lawn, auctions continue to grow in popularity with consumers. Bidders enjoy the thrill of competition with an auction and the rush that comes with the chase for treasures. Auctions are one of the most effective and efficient means of turning assets into cash quickly. Most importantly, consumers come back to auctions time and time again because of the fun and entertainment.
Auction Fun Facts:
- “Auction” derives from the Latin word “Auctus” which means “increasing”
- The first recorded auctions appeared in Babylon in 500 B.C.
- The Roman Empire was sold at auction in 193 A.D.
- Founded in 1674, Stockholms Auktionsverk is the oldest auction house still in business.
- Pilgrims utilized auctioneers to establish commerce and auctions were used to sell crops, livestock, furs, tobacco and other assets.
- America’s first president, George Washington, was an avid auction buyer
- Commonly referred to as “Colonel”, the nickname given to auctioneers originated after the Civil War when only officers of the Colonel rank could conduct auctions of war plunder.
- The Jones’ National School of Auctioneering and Oratory was the first American auction school. The school open in Davenport, Iowa in 1905.
- During the Great Depression, auctioneers traveled the country liquidating the estates of farmers whose farms failed because of drought and bank foreclosures.
- In the 1950s, auctions in the United States expanded to multiple marketplaces and banks, accountants, attorneys and government agencies began using auctioneers to liquidate assets and surplus property.
- Not including the millions of transactions that occur through online auction websites like eBay, auctioneers sell approximately a quarter-trillion dollars in goods and assets annually in the United States.
- The largest sector of auctions automobile auctions with approximately $80 billion in vehicles sold annually by auctioneers.
- The fastest growing sector of the auction industry is real estate auctions and benefit auctions.
The National Auctioneers Association (NAA) and its members, encourage the public to enjoy Saturday, April 16 by attending an auction. To learn more about auctions, find an auction or auctioneer near you, visit NAAauction.com.
About the National Auctioneers Association (NAA)
Headquartered in Overland Park, Kansas, the National Auctioneers Association (NAA) represents the interests of thousands of auctioneers in the United States, Canada and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhance the professionalism of its members through education and technology. To learn more visit Auctioneers.org.
# # #