Gourt > Business > Agriculture and Forestry > Livestock > Auction Facilities
An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory, an auction is a method for determining the value of a commodity that has an undetermined or variable price. Auctions can be with reserve or minimum, or without minimums, or absolute or no reserve. In reserve auctions, there is a minimum bid or reserve price; if the bidding does not reach the minimum, there is no sale (but the person who puts the item up for auction may still owe a fee to the auctioneer or auction company). In absolute or no reserve auctions, the sale is guaranteed, with only the price left to be determined. In the context of auctions, a bid is an offered price.
Auctions are publicly seen in several contexts and almost anything can be sold at auction. Some typical auction arenas include the following:
- the antique business, where besides being an opportunity for trade they also serve as social occasions and entertainment
- in the sale of collectibles such as stamps, coins, classic cars (by Kruse International for example), fine art, and luxury real estate
- in the sale of all types of real property including residential and commercial real estate, farms, vacant lots and land
- for the sale of second-hand goods of all kinds, particularly house clearances and online auctions
- in commodities auctions, like the fish wholesale auctions
- in thoroughbred horseracing, where yearling horses are commonly auctioned off; and
- in legal contexts where forced auctions occur, as when one's farm or house is sold at auction on the courthouse steps.
Although less publicly visible, the most economically important auctions are the commodities auctions in which the bidders are businesses even up to corporation level. Examples of this type of auction include:
- sales of businesses
- spectrum auctions, in which companies purchase licenses to use portions of the electromagnetic spectrum for communications (for cell phone networks, for example)
- timber auctions, in which companies purchase licenses to log on government land
- electricity auctions, in which large-scale generators and consumers of electricity bid on generating contracts
- environmental auctions, in which companies bid for licenses to avoid being required to decrease their environmental impact
- debt auctions, in which governments sell debt instruments, such as bonds, to investors. The auction is usually sealed and the uniform price paid by the investors is typically the best non-winning bid. In most cases, investors can also place so called non-competitive bids which indicates an interest to purchase the debt instrument at the resulting price, whatever it may be.
Some Livestock Sales Down, Other Fair Sales Strong - Indiana Prairie Farmer
Mon, 21 Jul 2008 11:24:47 -0000
Some Livestock Sales Down, Other Fair Sales StrongIndiana Prairie Farmer, IN - 20 hours agoMost of those fairs will feature a livestock auction. Through the years we've heard wide variation at what animals bring at these auctions. ...
Winery owner Bob Kunde dies - Sonoma Index-Tribune
Tue, 22 Jul 2008 06:43:01 -0000
Winery owner Bob Kunde diesSonoma Index-Tribune, CA - 1 hour agoHis dedication to 4-H, FFA and to the junior livestock auction was also the reason the family changed the memorial event at the Kunde Winery in honor of his ...County fair opens Sonoma Index-Tribuneall 3 news articles
Bidders bet on horse auction - KSWO
Sun, 20 Jul 2008 17:19:56 -0000
Bidders bet on horse auctionKSWO, OK - Jul 20, 2008AP - July 20, 2008 1:15 PM ET OKLAHOMA CITY (AP) - The auction of 40 horses confiscated at an illegal race track near Thackerville last year has brought in ...
Hard times for cowboys - Houston Chronicle
Tue, 22 Jul 2008 05:32:47 -0000
Hard times for cowboysHouston Chronicle, United States - 2 hours agoA third-generation cowboy, Doug Bass also hustles business for the Cattleman's Brenham Livestock Auction to earn extra money. Part of the problem cowboys ...
Livestock auction caps fair -7/19/2008, 10:06 PM - Hays Daily News
Sun, 20 Jul 2008 03:17:48 -0000
Livestock auction caps fair -7/19/2008, 10:06 PMHays Daily News, KS - Jul 19, 2008By GAYLE WEBER Their 4-H animals brought good prices, which meant a boost to their college fund, but it also was their last livestock sale. ...
Prices down at Linn County, Ore., 4-H auction - KTVZ
Mon, 21 Jul 2008 14:47:41 -0000
Prices down at Linn County, Ore., 4-H auctionKTVZ, OR - 17 hours ago(AP) - Prices were down at the annual 4-H livestock auction in Linn County. Many participants in the auction say they sold their livestock for less than it ...
Dumfriesshire Farmers Mart - Based in Cumbria, England, cattle and quota auctioneers C D were founded in 1926 and Longtown Mart is the largest livestock market in the UK for sales of sheep.
Meta Description: [ Cumberland & Dumfriesshire Farmers' Mart based in Longtown, Cumbria was founded in 1926 by a group of local farmers and is now the largest market in the UK for sales of sheep. ]
Aberdeen Livestock Sales Co. - A livestock auction market serving the Central Dakotas.
Meta Description: [ Livestock auction market selling steers, heifers, cows and bred cows. ]
Auction Mart - Providing contact details for livestock markets and marts in the UK, Ireland and New Zealand. Advertising livestock: cattle, sheep, pigs, deer for sale or wanted for restocking.
Belle Fourche Livestock - Offering weekly cattle sales and monthly horse sales. Western South Dakota.
Meta Description: [ Belle Fourche Livestock Exchange with 25 years of service to the midwest area. Featuring quality cattle and horse sales every week. ]
Clydesdale Auction - Online clydesdale horse auction site.
Meta Description: [ This is an online horse auction site. Users of the site can buy and sell horses online. Experience the power and exposure of this great service today. ]
Don Savage Auctions - A professional, Canadian livestock auctioneer will take care of your purebred cattle sales, cattle auctions, livestock sales and herd dispersals.
Meta Description: [ A professional livestock auctioneer for 25 years. Don Savage Auctions will take care of your purebred cattle sales, cattle auctions, livestock sales and herd dispersals. ]
Dublin Livestock - Sale every Friday at noon. Features location, contact information, photographs, and facilities.
Emmett Valley and Shoshone Livestock and Cattle Auctions - Auctioneers of cattle, beef, and dairy sales in southwest Idaho and providers of livestock market reports.
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Fort Macleod Auction Company Ltd. - Agricultural auctions, including livestock, land and machinery. Established in 1960 at Fort Macleod, Alberta, Canada.
Meta Description: [ Fort Macleod Auction Company - livestock, land, machinery ]
Fort Pierre Livestock - Includes calendar of sales and information. Billed as South Dakota's largest livestock auction.
Meta Description: [ Fort Pierre Livestock Auction, Inc. - South Dakota's #1 Cattle Livestock Auction! ]
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Frank McInenly Auctions Ltd. - Specializing in agricultural, machinery, real estate, horses, antiques and Canadiana. Located in Vulcan, Alberta, Canada.
Meta Description: [ telus.net, the premier Canadian Internet Service Provider
and the leader of online customer support in the ISP marketplace. ]
Gonzales Livestock Market - Sale of livestock including cattle sheep goats horses for the Gonzales, Texas, and central Texas region.
Meta Description: [ Sale of livestock including cattle sheep goats horses for the gonzales texas and Central texas region ]
Hawes Auction Mart - Serving a large area of the Yorkshire Dales and the surrounding moorland, drawing store and breeding sheep, cattle and dairy cows. Situated on the edge of Hawes in Wensleydale, UK.
Hexham Mart - Up to date information relating to Hexham and Northern Auction Marts. Livestock and Furniture auctioneers based North of England.
Hugh Fawcett Auctions Inc. - Live Holstein, dairy, embryo auctions, and consignment sales. Located in Winchester, Ontario.
Meta Description: [ Live Holstein, Dairy, Embryo Auctions, Consignment Sales, Winchester, Ontario. ]
Jordan Cattle Auction - Headquarters in San Saba, Texas, with auctions in Brownwood and Mason also. Includes contact information, sale dates, current livestock market reports, upcoming special cattle sales, and employment.
Kramer Auction Sales Ltd. - Auction service serving Saskatchewan and Alberta. Includes elk, bison, farm, general and household sales.
Lolli Brothers Auction - Source for exotic and domestic livestock, award winning taxidermy, historical artifacts, and collectible sporting goods.
Milan Livestock Auction, Inc. - Livestock auction serving north central Missouri, regular sale every Thursday, special cattle sales on Monday, special cow sales once a month on Saturday.
Meta Description: [ Cattle Sale ]
Miles City Livestock Commission Company - One of the oldest stockyards in Montana.
Meta Description: [ Miles City Livestock Commission Company is the place to sell your livestock.Cattle Auctions, horses, private sales, bucking horse sale. ]
MoKan Livestock Market, Inc. - One of the most modern livestock auction facilities in the midwest with a weekly sale every Thursday and special cow and bull sale every month. Located 55 miles south of Kansas City, Missouri.
Mountain Livestock.Com - Offering nationwide online livestock consignment and auction services to individual ranchers and sale barns.
National Livestock Management Database - Offering livestock farmers a means of keeping their records online. Provides online and catalogue auctions of livestock, including bulls, cows and sheep. Located in The United Kingdom.
New Cambria Livestock Auction Market - Market report and sales schedule online; located just off Highway 36 in North Central Missouri.
Meta Description: [ New Cambria Livestock Auction Market, Inc. and North Missouri Angus Breeders Alliance ]
Nilsson Bros Inc - Located in Clyde, Alberta, Canada, is the largest cattle auction market in Canada.
Northeast Kingdom Sales, Inc - Private sales of dairy cattle. Auction service for dairy cattle and farm equipment.
Meta Description: [ Buy and sell dairy cattle through auctions and private sales. Farm Equipment at auction. ]
Raz Livestock Sales - Auction selling domestic and exotic animals. (Harper, TX)
Meta Description: [ A monthly auction selling exotic and domestic livestock. ]
Rons Barn, Inc. - Eastern Iowa horse and tack auction service conducting both public and private sales.
South Central Livestock, Inc. - Stockyard livestock auction. Includes calendar of events and contact information. Located in Fitzgerald, Georgia.
St. Onge Livestock Company - Offering weekly cattle sales in St.Onge and weekly sheep sales in Newell, South Dakota.
Meta Description: [ Weekly cattle and sheep sales with separate facilities for each - market reports & consignors updated weekly. Market reports archived. ]
Stampede Cattle Co. - Online cattle marketing company with over 60 qualified field representatives. Stampede sells load lots of feeder cattle and breeding stock throughout the United States.
Ste Rose Auction Mart - Cattle sales every Thursday. Special Monday cattle sales in the fall. Located in Ste. Rose du Lac, Manitoba. Includes schedule, sales, staff, and history.
Superior Livestock Auction - Video satellite and internet auctions. Livestock marketing company.
T.A.H. Livestock, Inc. - A northwestern Illinois dairy cattle and horse auction.
Teater Saddlebred Enterprises, Inc. - Saddlebred sales company conducting auctions for American saddlebreds, Hackney ponies and standardbred road horses.
Meta Description: [ TSE/Tattersalls is the premiere Saddlebred sales company, conducting auctions for American Saddlebreds, Hackney Ponies and Standardbred Road Horses. ]
Torrington Livestock Market, Inc. - Offering 2 sale barn facilities in Torrington, Wyoming, plus Satellite Video Auctions. Bonded Country Dealer Company. Home of auctioneers Lex Madden, 1998, and Shawn Madden, 2001.
Western Video Market Auction - Serving ranchers in 13 Western states and buyers from coast to coast. Includes information on video type livestock auctions.
Winter Livestock Cattle Auctions - Locations in Enid, Oklahoma, Dodge City, Kansas, and LaJunta, Colorado. Also offer online and video auctions.
Zimmerman Auctions - Central Alberta Auction Company - Auction company in Wetaskiwin, Alberta, Canada - Farm, antique, livestock, household, and estate auctions.
Meta Description: [ Alberta Auction company serving central Alberta in Wetaskiwin, Alberta, Canada - Farm auctions, Antique auctions, Livestock, Estate auctions and more ]
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