Auction results recently released by the National Auctioneers Association (NAA) show that total funds raised through auctions have increased significantly over the past year. This is great news for auctioneers and those who rely on auctions as a source of income.
The NAA reported that total funds raised at auctions across the United States increased by 10.3% in 2019 compared to 2018. This is the highest rate of growth since the NAA began tracking auction results in 2008. This growth was driven by a variety of factors, including an increase in the number of auctions held, an increase in the average price per item sold, and an increase in the number of bidders participating in auctions.
The increase in total funds raised is a positive sign for auctioneers and those who rely on auctions as a source of income. It indicates that more people are taking advantage of the opportunities offered by auctions and that auctions are becoming more popular. This is great news for those who use auctions to buy or sell items, as it means there are more potential buyers and sellers in the market.
The increase in total funds raised also indicates that auctioneers are doing a better job of marketing their auctions and reaching potential buyers. This is important, as it means that auctioneers can make more money from their auctions and can continue to provide a valuable service to those who rely on them.
Overall, the increase in total funds raised at auctions is a positive sign for auctioneers and those who rely on auctions as a source of income. It indicates that more people are taking advantage of the opportunities offered by auctions and that auctions are becoming more popular. This is great news for those who use auctions to buy or sell items, as it means there are more potential buyers and sellers in the market.