The success of the RTC's Premier Commercial Auction

Article Abstract:

The Resolution Trust Corp (RTC) successfully held its Premier Commercial Auction on Nov 21, 1991 after year-long preparations in which the services of an accounting firm, an auction-marketing firm, a real estate brokerage company and a public relations firm were enlisted. Shrugging of skeptics and the ailing US economy, the RTC was able to recover $112 million in taxpayers' money from selling off part of its real estate inventory. The methodologies used in the management of the successful auction are discussed for the benefit of people involved in property auctions.

Finance, taxation, & monetary policy, United States. Resolution Trust Corp., Government selling

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House of fun

Article Abstract:

Issues concerning characteristics of charity auctions and the qualities of charity auctioneers are discussed. Particular attention is given to descriptions of competitive practices in charity auctions, as well as to presentations of auctioneers.

Charity bazaars

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The art of selling large lots

Article Abstract:

The process of selling large lots worth up to 1m pounds sterling at property auctions is explained. The need for a relationship of trust with vendors, good marketing and accurate, timely information to buyers is stressed.

Finance, Practice, Property, Auctioneers

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