We run an auction house located in central-Ohio. There are over 2,000,000 people residing within 50 miles of our facility and we have bidders sometimes come from over 300 miles away. We’ve run weekly auctions at this same location for over 13 years.
Our average crowd numbers right around 250. We’ve had over 700 in attendance when our inventory was widely varied and interesting, and we’ve had only 100 bidders when we’ve had a narrow inventory such as just coins, just matchbox cars or just guns.
Everything we put up for auction sells without reserve (absolute.) That means there are no minimums, no reserves, and the seller is prohibited from bidding. I’m convinced we get consistently larger crowds due to this — in fact, I know as much.
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