The Auction Method of Marketing. Throughout history, the auction method has been a very popular means of selling a tremendous variety of items. Only recently in this country has the auction method gained support and popularity as a first-choice in selling real and personal property. The auction method of marketing accelerates the selling process of your personal and real property, forcing buyers to deal with a deadline by giving them a specific date, time and place for the sale. It usually takes only 2 to 4 weeks depending on the type of auction being conducted to prepare for the auction.
Auctions are as modern as today's computer, yet as old as mankind.
Recorded history describes auctions in 500 B.C., and later during the Roman Empire. And everything has been selling well at auction ever since. The necessity for a set of authoritative principles and a code of professional ethics, broad enough to cover all the complexities of the auction procedure, is a pressing one. To meet the need for a comprehensive set of guideposts and a specific code of ethics, there has been prepared the principles for a Code of Ethics. Because the auction profession is a pursuit requiring extensive knowledge and experience, the Association accepts as its responsibility the duty to continually review and maintain high standards for its membership.