Wednesday, February 20, 2013

U.S. Assets, Inc. Announces Auction of Lake Tansi Lot

Crossville, Tennessee

7034 Ute LN, Crossville, TN  38572 - Lake Tansi Village
U.S. Assets, Inc. announced the sale of their lot at 7034 Ute Lane in Lake Tansi Village, Winnebago Subdivision, Lot 80, Cumberland County, Tennessee, USA.  This nicely wooded lot is approximately 80' X 140', and is on a paved road with utilities at the road. All bidding for this lot will be conducted online, and the sale is not contingent upon the buyer obtaining financing.  There will be a 10% Buyer's Premium added to the final bid amount, and closing costs are $395.  The Property Owner Association dues are currently $180.00 per year.  U.S. Assets, Inc. will provide a Special Warranty Deed at closing.  Bidding on this lot closes at 5 PM Eastern Time on Monday, February 25, 2013.  Information regarding U.S. Assets properties may be found here.  Simply click the "Current Auctions" button in the upper left to bid online.  Complete terms and conditions for the Auction can be found on the online bidding platform.  This property is being sold by its owner, U.S. Assets, Inc. utilizing the dynamic auction marketing platform through Global Auction Services, powered by Proxibid.

Thursday, February 14, 2013

Aaron Joseph & Company, LLC's Jewelry, Gemstones, Timepieces & More Auction Now Open for Online Bidding

Tallahassee, Florida, USA

Shipping available world-wide

Aaron Joseph & Company, LLC
FLAB3058 Jewelry, Gemstones,
Time Pieces & More Auction
+Aaron Joseph & Company, LLC's Jewelry, Gemstones, Timepieces & More Auction is now open for Online Bidding at Proxibid.  This auction features watches, rings, earrings, pendants, necklaces, pearls and gemstones.  Online bidding will continue through Saturday, February 16, 2013.  The first lot will close at 9:19 PM, eastern time, and lots will continue closing until 10:00 PM, eastern time.

15% Buyer's Premium, +Jeffrey Butirro, Principal Auctioneer FL AU4361

+Aaron Joseph & Company, LLC - Auction Business
All items shipped from their Auction Gallery in Tallahassee, Florida USA
FL AB3058

View Lots Here

Bid Online Here

Wednesday, February 13, 2013

Collaboration Among Bidders at an Auction Can Result in Prison Sentences

Making an agreement to limit competition violates the Sherman Antitrust Act

The bid rigging case in Northern California continues.

According to the United States Department of Justice, a Burlingame California real estate investor recently entered a plea of guilty for rigging bids, which included charges of using the U.S. Mail to carry out the scheme, in Foreclosure Real Estate Auctions in San Mateo County and San Francisco County, California, between January and December of 2010.

Gilbert Chung is now the 27th person to enter a guilty plea as a result of a Department of Justice investigation.  Chung and his other co-conspirators face 10 years in federal prison and $1 million in fines for violating the Sherman Antitrust Act, and up to 30 years and an additional $1 million fine for each count of conspiring to commit mail fraud. 

Sunday, February 10, 2013

New Technology Changes the Auction Industry

Live and Online Bidding at an Aaron Joseph & Company
Auction, Tallahassee, Florida, USA
This past November, the headlines read, Christie’s sets record for most expensive item sold online  With the rise of online auctions, it was only a matter of time until a new record was set.  "Online auctions are here to stay." said Joseph Kikta of +Aaron Joseph & Company, headquartered in Tallahassee, Florida.  "It makes economic sense for Auction companies to utilize online bidding platforms such as Proxibid, Auction Zip, and Live Auctioneers." added +Jeffrey Butirro, cooridnator for +Aaron Joseph & Company.  The face of the auction industry is rapidly changing.  The days of an auctioneer calling bids in a barn, or at an estate sale while carrying a clip board are all  but gone.  Today, modern technology has permeated the industry.  Auction registration, clerking, and even bidding has gone electronic.  Most sucessful auctioneers and auction companies have changed their business practices in recent years to utilize these new tools and methods.  Even while conducting live sales, Auction Houses are finding it beneficial to run real-time online bidding platforms to increase the number of bidders.  "At any given sale, we might have only 20 - 30 people bidding in person," said Kikta, "But we might have hundreds bidding on our online bidding platforms.  This online technology gives our Auctions a global reach."  "We are currently shipping to buyers in countries around the globe." quickly added Butirro. "Many of our Auctions are now Online-only.  We have many local bidders that would rather stay home and bid online than come to a live event."  This phenomenon is happening in many industries.  As shoppers turn to the internet for their purchases, it is only natural that auction buyers would follow suite.  As more and more Auctions are conducted online, especially those auctions that are online-only, the days of the bid-caller may be numbered.  Only time will tell.