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Mecum Auctions, Inc. is an American auction company specializing in collector cars. It was founded by Dana Mecum in 1988, and was originally based in Marengo, Illinois. Since 2011, it has been headquartered in Walworth, Wisconsin. The company hosts various auction events across the United States. Television coverage began in 2008, contributing ...
Worldwide. Revenue. US$ 32 million (2023) Website. hindmanauctions.com. Freeman's-Hindman (formerly known as Freeman's and Samuel T. Freeman & Co) is an American auction house founded in 1805 by Tristram B. Freeman, a British print seller, in Philadelphia, Pennsylvania, United States. [1] The house operated under Freeman family ownership until ...
Leslie Hindman Auctioneers is an American auction house based in Chicago, Illinois, United States. Founded in 1982, sold to Sotheby's in 1997 and reopened in 2003, the company engages in auctions ranging from contemporary paintings and fine jewelry to French furniture and rare books and manuscripts. Following a merger with Cincinnati-based ...
America's Auction Channel (or AACtv) is an American satellite television network specializing in over-the-air auctions. AACtv is an American licensed and bonded auction network specializing in live television auctions broadcast via cable television, satellite television and online. Fine jewelry, gemstones, coins and currency, real estate, and ...
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An American auctioneer using auction chant at a livestock auction, November 2010. An auction is usually a process of buying and selling goods or services by offering them up for bids, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder. Some exceptions to this definition exist and are described ...
Barrett-Jackson is an American collector car auction company headquartered in Scottsdale, Arizona. It was founded by Scottsdale business partners Tom Barrett and Russ Jackson. They initially launched a car show, Fiesta de los Autos Elegantes, in 1967 to raise money for local facilities.
Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable outcomes. Auction theory is a tool used to inform the design of real-world auctions. Sellers use auction theory to raise higher revenues while allowing buyers to procure at a lower cost.