Most people are familiar with the concept of an auction, in which people bid on the price of various goods. However, there are also reverse auctions. This article will cover everything you need to know about reverse auctions, including how a reverse auction works and its benefits. 

Public auctions can be an exciting and fun affair, especially when you know what you’re doing there. However, in some cases, an auction beginner can make a mistake that could have some unfortunate consequences. Rather than learning everything through trial and error, use this quick beginner’s glossary to start learning! 

You will usually find two different types of auctions: a collective or a disposal. Collective auctions create lots—or auction items—from several suppliers or vendors. Disposal auctions usually come from a single person or estate to pay debts, finalize foreclosure, or to simply clear space. 

Auctioneering has existed for much longer than any single location to sell popular goods. We call it “auction,” which comes from the Latin “auctus,” meaning “increasing,” but the process likely has had many names before that. 

History buffs and bookworms alike clamor for the chance to attend book auctions. The scent of the pages, the smell of the old materials, and the rich textures of old ink, paper, and leather call like ancient sirens to anyone with a taste for old codices. But these amazing volumes often come with a hefty price.

When you think of art auctions, you might picture a big, dusty room filled with out-of-touch rich people mulling over the price of art pieces from the 1800s or earlier. Although old art pieces certainly have value, modern art has its place in auction houses as well. Discover some of the most popular and expensive modern art pieces sold at auctions.

Hollywood productions often represent timeless works of art and feature set pieces that spark veneration. When these pieces from the movie set go up for sale at movie auctions, they typically go to the highest bidder regardless of the location. A team like High Plains Auctioneers witnesses first-hand how intense these auctions get when the list features iconic items or prized collectibles.

Celebrity auctions truly draw the line between an average fan and an obsessed fanatic. While one person purchases a truly iconic item, another will buy something completely mundane that they wouldn’t give a second thought in other circumstances. Discover some of the most fascinating celebrity mementos that made their way to an auction below.

In a world that feels like it’s changing faster than ever, understanding shifts in artwork auctions helps you stay on top of this ageless collection market. Besides changes in auction behavior, trending artwork has swung in different directions than in decades past. Learn about 2023 artwork auction trends and how they could affect your art collection.

Whether through a private sale or an auction house, art connoisseurs worldwide love adding famous paintings to their collections. The prices of expensive art depend on multiple factors, such as who painted it, when they painted it, and its subject matter. When considering the pieces of art that have sold for the highest amount of money, the examples in this list top out in the hundreds of millions, proving that art remains a popular investment.