We're not doing those kinds of auctions on houses here yet but are on property IN the houses. They are handled differently by different people but I agree with Dale there must be some sort of urgency built in to get the highest price. Live auctions seem to be getting better results but the items must be large and pricey enough to warrant the work. Auctioneers have been bundling smaller things and you have to bid on the entire package to get what you want. The big key seems to be making sure people have to bid up in large enough denominations to make the endeavor worthwhile. Use your best judgement given your circumstances and it should work out okay. Good luck.
Trisha Lee REMAX Boone Realty, Columbia, MO
If you are talking about a silent auction, the way they seem to be handled in the st louis are is putting out a sheet and having everyone able to see the bid before them - less work for the volunteers, but less money overall. YOu have a minimum starting point and say what the increments are that poeple must bid in. With the silent auctions that I was use to in other areas, we put our bids on pieces of peper and dropped them in the box. because you didn't know what others were going to bid, you gave it your best bid up front and the end result was higher bids, but the volunteers had more work going through all the bids to determine who the winners were.