What Are Auctioneers Actually Saying?

by | Last updated on January 24, 2024

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Often prior to “closing the bidding” and selling an item, auctioneers will announce: “ Going once, going twice, sold! ” or “Going, going, gone!”, followed by announcing the winning bid.

How do you understand the auctioneer chant?

Once the current high bidder appears to be the winner, meaning that the bidding has stopped and no one has tried to beat that bidder, the auctioneer will chant, “ Going once, going twice, sold! ” or “Going, going,... gone!” meaning that the bidding is officially over for that item.

How do you auction speak?

Take brief, shallow breaths at regular periods in between the bid calls. Avoid difficult sounds that strain your throat, like K or a hard G. The pros keep their vocal chords loose by chanting in the shower or in the car on the way to a show. Tongue-twisters are a great way to stay in shape.

What does it mean when auctioneer says with me?

Since it is hard to see when it’s your turn to bid, the auctioneer helps out by citing the location, saying “the bid is on my right.” Or, if an order bid is the last, he may say “ the bid is with me ” or “the bid is in my book.” Sometimes, he will say “the bid is against you, madam,” to indicate that the high bid is not ...

Why do auctioneers talk gibberish?

They talk like that to hypnotize the bidders . Auctioneers don’t just talk fast—they chant in a rhythmic monotone so as to lull onlookers into a conditioned pattern of call and response, as if they were playing a game of “Simon says.” The speed is also intended to give the buyers a sense of urgency: Bid now or lose out.

Why do auctioneers talk weird?

Auctioneers don’t just talk fast— they chant in a rhythmic monotone so as to lull onlookers into a conditioned pattern of call and response , as if they were playing a game of ‘Simon Says. ... Auctioneers typically take home from 10 to 20 percent of the sale price. Selling more items in less time means they make more money.”

Who is the fastest auctioneer?

Hervé Poulain is the fastest auctioneer in the world — not with his hammer, but at the steering wheel. Eleven times he did the 24-hour race at Le Mans.

Why does an auctioneer use a gavel?

The traditional whack of a gavel to terminate the auction and finalise the sale now represents a much smaller part of modern-day auctioning. ... By doing so, no one would know exactly when the last bid could be placed, adding a sense of anticipation to the final fleeting moments of the sale.

How does an auctioneer make money?

Commission: Auctioneers often charge a commission, representing a percentage of the auction’s gross sales. A 10% to 15% commission is typical for this profession. ... If the total sales of an auction are $25,000, the auctioneer earns their commission percentage and the buyer’s premium percentage based on that $25,000.

What makes a good auctioneer?

Showmanship

A talented auctioneer uses their charisma and personality to create excitement, drive bidding and effortlessly command the attention of the crowd . Good auctioneers often also employ humour to engage with and put bidders at ease, and commonly have signature lines in their back pocket to get the bids flowing.

What is auction example?

An auction is a sale in which buyers compete for an asset by placing bids. ... Examples of auctions include livestock markets where farmers buy and sell animals , car auctions, or an auction room at Sotheby’s or Christie’s where collectors bid on works of art.

What does AF mean in auction?

read and understand the auction’s conditions of sale before you bid. be careful when an auctioneer describes an item as “AF” ( as found ) or “SAS” (sold as seen) – this could be a warning that there is something wrong with the item.

What does auctioneer mean?

: an agent who sells goods at auction .

What is the average salary of an auctioneer?

Job Title Salary Mpl Real Estate Auctioneer salaries – 1 salaries reported $3,249/mo Valley Motor Auctions Auctioneer salaries – 1 salaries reported $40/hr Pickles Auctions Auction Coordinator salaries – 1 salaries reported $53,000/yr
Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.