In the past few years, the world has watched paintings, exotic cars, auction property, etc. sold at auctions for millions.
The time has passed when people thought of auctions as a last resort sale or as a means of liquidating assets that could be sold no other way than the court foreclosures. Today the modern auction method just a normal way of disposing your assets in an open market for an immediate sale at the highest possible price.
Why sell by the way of auction? Essentially, it is simply because of the two most valuable commodities in business that is time and money. Lengthy and costly selling periods are eliminated with a professionally conducted auction. It is often pointed out that a property that could not be sold at any price is sold for top dollar in minutes at a properly conducted auction. Why? Because the property will be promoted and exposed to a multitude of interested buyers.
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