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The Impact of Technology on the Auction Industry: Trends and Innovations
October 4, 2023
Categories: Auctions
Technology has transformed our lives in many ways and the auction industry is no exception. With the continuous growth and innovation in technology, the auction industry has transformed the way that auctions are structured and managed. Join us in today’s blog as we explore the impact of technology on the auction industry! Online Auctions One of the most noticeable trends in the auction industry is the use of online auctions. In the past, all auctions were held in person and required every
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Five Myths about Auctions
September 27, 2017
Categories: Auctions, Auto and Shop Equipment, Construction and Industrial, Financial Institutions, Food service equipment, Land Auctions, Residential
Some people seem to have preconceived ideas about an auction and the way it functions. However, there is much more to these buying and selling transactions than meets the eye. That’s why Backes Auctioneers has put together some common misconceptions about auctions that they wanted to clear up! Myth #1: People only sell expensive items or junk at auctions. Fact: There are many normal things you would find at an auction for reasonable prices. You may even find some sweet deals! Valuable