The Bounds Auction Company

benefit auction bidders

An entusiastic group of bidders at one of our Benefit Auctions.

The 7 questions that I have been asked most often and
my 7 best answers.

A few economic principles as they pretain to the auction concept:

Auction can best be defined as " The Social Construction of Value".

Price Discovery:Value is determined by a group via consensus rather than arbitrarily by an individual. This concept powers the world's Stock & Bond Markets.

What sells best at auction? Property that has both market demand and seller tolerance to current market value.

What do a:

Yearling colt sired by a triple crown winner;  a rare 17th century map;  an abandoned 1978 Cadillac; a freshly caught 100 lb yellow tail tuna; a Florida condominium; a prize Jersey cow; a billion dollars of Govt. Bonds; the paperback rights to the latest best selling novel; 100 shares of Google; a sketch on a bar napkin signed by Picasso; two hundred slightly damaged digital watches; a pair of Imelda Marcos’s shoes and the Pontiac Michigan Silverdome all have in common?
They all sold at auction.

What does auction tells us? That values are always changing.

Click on Answer and it will open in a new window.

#1:What other services do you offer?
Answer:  

#2 What is the difference between an Auction and a "Tag" or "Estate" Sale? Answer:

#3:Why would I sell my Real Estate at auction?
Answer:

#4.What advantage does Auction have over Brokered
or Private Treaty Transactions?

Answer:

#5. How often do properties sell below appraised value?
Answer:

#6: Is auction a good method to sell investment or commercial real estate,
and what if I have more than one property to sell?

Answer:

#7. Do you do that Fast Talkin thing? Auction Anxiety.

Answer:



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