Foreclosure auctions are a unique and often lucrative niche within the real estate market. Whether you’re an investor on the hunt for your next big deal or a first-time buyer on a budget, foreclosure auctions could hold the key to your real estate dreams. Unravel the ins and outs of buying a foreclosed home at […]
Liquidation sales and auction sales are two of the most common ways for a company to recover assets. Both types of sale are effective at helping a company maximize the value of surplus assets or assets that are sitting idle. However, there are a few differences between them. A liquidation sale is a good idea […]
We’ve all heard the stories of people suddenly discovering they are sitting on a treasure. Maybe something purchased at an antique shop or auction turns out to be wildly valuable, or a collectible languishing in an attic ends up being a priceless work of art. It is the type of story that fantasies are made […]
For many people, collecting glassware or dishes is an enjoyable hobby. Whether for decorative purposes or practical use, a certain satisfaction comes from owning unique or valuable dinnerware. However, while some antique china is worth hundreds of dollars, other sets are worth almost nothing. Here’s what to look for when determining the value of your […]
This past year was another successful year here at Dakil Auctioneers, Inc. In 2022, we conducted more than three dozen auctions, including four heavy equipment auctions that featured nearly 2,000 combined items to bid on. As always, there were plenty of unique and interesting auctions to come across. They say you never know what you’ll […]
Auctions are known for unique, interesting, and sometimes weird items that end up selling for six or seven figures. Each year, these items make headlines for their peculiar nature. We decided to look back on what 2022 auctions produced that may make you scratch your head. Here’s what we found.
The concept behind an auction is straightforward: bidders submit bids for items, and the person with the highest bid receives that item. Beyond that, there are many nuisances involved with an auction, ranging from the types of auctions held to certain terminology used to describe aspects of an auction. This blog will explore some of […]
Bidding on a high-ticket item at an auction is thrilling. You’re competing with a few other participants as the dollar amount climbs ever higher. Soon, it’s just you and one other bidder. The price is beginning to exceed what you’re comfortable paying, but you can’t help it—you continue outbidding the other person until they finally […]
Auctions, when simplified, are just a way to sell goods or services in a competitive manner. From the seller’s perspective, they use auctions to get top dollar for their items. From the buyer’s perspective, auctions are a means to find a bargain. How you get to the result can occur in many ways depending on […]
Move over stock market, collectors items such as sports memorabilia have become a popular alternative for people to invest in – both young and old. What was once valued as a $5.4 billion industry in 2018 has since ballooned to $26 billion due to the pandemic. Not only did people have more time to […]
