The National Auctioneers Association Names a New President at its 55th International Auctioneers Conference and Show
Results of a comprehensive industry study, the naming of a new president, and the International Auctioneer Championship were among the highlights of the National Auctioneers Association's 55th International Auctioneers Conference and Show held July 13-17 in Madison.
Nearly 1,400 auction professionals were registered for the annual event to attend the educational seminars and first-time programs to recognize the professionalism, integrity, and commitment of the NAA's members.
At a state of the industry breakfast, a comprehensive industry research study revealed the following statistics about the auction industry:
More than half a million U.S. auctions generated $200 billion in sales last year.
63 percent of consumers have attended a live auction in the past year.
Gross revenues for live auctions are on the rise, up 4 percent since 2002.
In 2003, the value of goods and services sold at live auctions in the U.S. exceeded $200 billion.
The full results of the study are available online at www.auctioneers.org.