Showing posts with label auctioneering. Show all posts
Showing posts with label auctioneering. Show all posts

Thursday, September 29, 2016

The Chant

One of the first things people ask upon finding out that I am an auctioneer is to hear my chant. 

It goes something like this after giving a basic description of an item:  Wouldagive 90, 90, 90 now 100, 100, couldabid 110, 110, I'm lookin for 120, 120, but it goes relatively quickly.  At the beginning and at different times within the chant, the increments can go down (if there aren't any bids) or up at a different increment level if the item is hot and bids coming in swiftly.  There are many "filler" words that can be placed in between the numbers, as well as various tongue twisters and other chatter. 



Bid Calls or The Chant is the method the auctioneer uses to let the audience know where the pricing is at for a given item as well as to entertain and make the process of auctioning as interesting as possible.

The real purpose of the auction and the chant itself is for the auctioneer to get the best possible price for their client.

Some auctioneers spend a lot of time developing different chants and there are actually chant competitions. Some auctioneers have a chant that is so fast that the current amount level is virtually unintelligible but experienced auction goers are able to distinguish where the auction pricing is at and able to understand the cues given by the auctioneer.  



Tuesday, September 27, 2016

Just a little History of Auctions

Auctions have a long and sometimes not so pretty history.  Auctioneers sell what buyers want.

As far back as 500 B.C. women were auctioned off to be wives in Greece. Romans were known to go to auctions for estates and plunder of war.

American auctions began as early as the 1600s with crops, tools, livestock, and slaves. During the Civil War, Colonels were authorized to auction off goods from the enemy and the title of Colonel has remained a part of the auction terminology. Licensed auctioneers take the title Colonel.

The Great Depression made many auction left many people needing to have their property liquidated just to make ends meet and liquidate the assets of failing businesses.