Excerpt from High Lights on Auctioneering: Opening Talks for Auction Sales, Giving the Actual Words and Figures and the Mode of Operation in Many of the Most Important Auction Sales in the History of the Country The main object of this book is to have you take a journey with a real, practical auctioneer, who has spent thirty-two years on the way, beginning fifteen years before auction schools were heard of, and picture to you the real battles of a beginner; the successes and failures, the sunshine and shadows, that are characteristic of any man who has an ambition to go to the top. The author of this book had wonderful experiences in thoroughbred stock sales, and remarkable success in real estate and merchandise auctions. He had the honor of being president of the International Auctioneers Association of U. S. A., Canada and Mexico, and three terms as president of the Auctioneers Association of Oklahoma. He desires to write out of his experience a book that will give the man who has an auction bee buzzing in his bonnet the shortest route to the auction block. Several times in this book he says that an auctioneer is born, not made. For several years he was president of the El Reno Auction School. There he learned this fact. When we say born, we mean that he must be naturally a man of strong personality, good judgment, and very strong lung power. The profession must be fascinating to him, and he should be a live give on general principles - clean and reliable. The reader will find several opening talks for different kinds of public sales, that the author wrote to suit many students of the El Reno Auction School, that can be used in in a sale at almost any place with only slight changes, and several of them are suitable for almost any kind of sale at any place. No part of this book is patterned after any other book; it is written right off the reel of a practical and successful career of auctioneering in six of the western states. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

This book provides a fascinating look at the world of auctioneering in the United States. Gutelius includes detailed descriptions of some of the most important auction sales in the country's history, along with transcripts of the opening talks given by the auctioneers. High Lights on Auctioneering is a must-read for anyone interested in this unique profession. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1967.

This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.