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Most Recent Visitor Reviews

Harts Auction and Whatnot
8468 Cedon Rd
Woodford, VA
Hi,everyone I wanted to take a few mins to write a review to a auction and people well worth the time and review.!First I will start by saying it is a welcoming family atmosphere,with kindness,politness, and above all honest ,helpful hard working people The whole family even the younger kids ,willies son is a great helper and all are well mannered and will go out of their way ,to help,so if u want to go to an auction with great sales,great merchandise,great people lots of fun ,like family, and above honest ,deals,no buyers premium, then head out to harts auction on friday nights and sometimes other weekend days for their special sales from food,school supplies,hunting and fishing,new toys ,hard to finds,antiques,collectibles,purses,household,and more and dont forget anything ur looking for just ask they probably have it ,Mr.Hart has been buying for years and has a passion for it and the customers infact the whole family does thats what makes them a step above in my book ,cause I for one know thats how I run things too and its hard to find that now adays so go out to harts ,meet everyone a. nd have fun I know we do when we go!!! Thank u Harts aucton and the whole family and crew!!!!
Review by melissa on July 18, 2012
Kues Bros. Auction Co. LLC
IL. Auction Lic. #044000162
Aviston, IL
Their motto "No Auction too Large" in our opinion is a joke. Because of their lack of planning, they completed an obvious 2 day sale in 1 day costing the seller (our mother) a CONSIDERABLE sum of money–after we had suggested having the sale in 2 increments. They had ample opportunity to survey the situation and we should have been able to count on their experience & professional advice. What we witnessed was their greed. They were versed on what items were of value–and made many of those purchases themselves– providing no counsel we thought we were paying for and requested at the time of hiring them – again, we counted on their expertise. We have family members who have been in the business for many years and assumed the same level of service. Unfortunately they are out of the area. We couldn't help feeling their only interest was making a quick buck; not taking care of the customer. If you are considering as service-you can do better - MUCH better.
Review by Shelly on August 31, 2011

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About Auction Houses and Auctioneers

An auctioneer is a person or company that specializes in the organization and performance of an auction. An auction house is a venue dedicated to staging auctions. Auctions are not necessarily held in auction houses, however. Depending on the type of merchandise being auctioned, an auctioneer or auction house chooses an appropriate type of auction, and an appropriate venue. From Wikipedia

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About Auction Houses and Auctioneers (Continued)

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...types of auction

* English auction, also known as an open ascending price auction. This type of auction is arguably the most common form of auction in use today.[4] Participants bid openly against one another, with each subsequent bid higher than the previous bid.[14] An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed.[14] In some cases a maximum bid might be left with the auctioneer, who may bid on behalf of the bidder according to the bidder's instructions.[14] The auction ends when no participant is willing to bid further, at which point the highest bidder pays their bid.[14] Alternatively, if the seller has set a minimum sale price in advance (the 'reserve' price) and the final bid does not reach that price the item remains unsold.[14] Sometimes the auctioneer sets a minimum amount by which the next bid must exceed the current highest bid.[14] The most significant distinguishing factor of this auction type is that the current highest bid is always available to potential bidders. The English auction is commonly used for selling goods, most prominently antiques and artwork, but also secondhand goods and real estate. At least two bidders are required. * Dutch auction also known as an open descending price auction. In the traditional Dutch auction the auctioneer begins with a high asking price which is lowered until some participant is willing to accept the auctioneer's price. The winning participant pays the last announced price. The Dutch auction is named for its best known example, the Dutch tulip auctions. ("Dutch auction" is also sometimes used to describe online auctions where several identical goods are sold simultaneously to an equal number of high bidders. In addition to cut flower sales in the Netherlands, Dutch auctions have also been used for perishable commodities such as fish and tobacco. In practice, however, the Dutch auction is not widely used. * Sealed first-price auction, also known as a first-price sealed-bid auction (FPSB). In this type of auction all bidders simultaneously submit sealed bids so that no bidder knows the bid of any other participant. The highest bidder pays the price they submitted. This type of auction is distinct from the English auction, in that bidders can only submit one bid each. Furthermore, as bidders cannot see the bids of other participants they cannot adjust their own bids accordingly. This kind of bid produces the same outcome as Dutch auction [citation needed]. Sealed first-price auctions are commonly used in tendering, particularly for government contracts and auctions for mining leases. * Vickrey auction, also known as a sealed-bid second-price auction. This is identical to the sealed first-price auction except that the winning bidder pays the second highest bid rather than their own. This is very similar to the proxy bidding system used by eBay, where the winner pays the second highest bid plus a bidding increment (e.g., 10%).[16] Although extremely important in auction theory, in practice Vickrey auctions are rarely used. * Online Timeshift Auctions are generalization of both forward or reverse online auction types. Online Timeshift Auctions provide more accurate information about the interest in the auctioned item, encourage early bidding and avoid auction snipping. All online Timeshift auctions are the fixed time auctions. There are standard, reserve price (or any other condition) and multi-unit online timeshift auctions. As an example, in a simple forward online timeshift auctions, the seller specifies all the basic required attributes of the forward online timeshift auctions: the predetermined auction period, the starting bid, etc. In addition to these basic attributes, the seller also specifies a timeshift interval, which determines the closing portion of the predetermined auction period. Bidders drive price up as they attempt to outbid each other. At the close of the auction, the highest bidder who had placed at least a single bid before the countdown of the timeshift interval started, obtains the item.

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