History of Auctions

Posted on 2008-May-13 at 09:40

From it's early days in America, the auction industry continued to grow until the Great Depression.

In the 1950s, auctions really began to soar. Selling real estate and goods via auction was a thriving business for many. Auctioneers were now considered to be businessmen. They wore suits and ties and had associations with banks, attorneys, accountants, and government agencies.

During the 1990s, auctions found their way into the world of technology, or vice versa. In the mid 90s auctions exploded on the World Wide Web, giving access places like eBay to people all over the world. Learn more information on Internet auctions.

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