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The National Auction Association (NAA), founded in 1949, is an advocacy group representing auctioneers, auction businesses and related companies that seeks to promote the auction method of marketing and the practice of auctioneering in the United States. Its headquarters is located at 8880 Ballentine, Overland Park, Kansas, 66214, USA.
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An online auction (also electronic auction, e-auction, virtual auction, or eAuction) is an auction held over the internet and accessed by internet connected devices. [ 1 ] [ 2 ] [ 3 ] Similar to in-person auctions, online auctions come in a variety of types , with different bidding and selling rules.
The Reppert School of Auctioneering was founded in 1921 by Col. Fred Reppert of Decatur, Indiana.Fred Reppert started in the auction business as a young boy and quickly rose to the top of his profession, selling auctions in every state of America, and in every province of Canada and Mexico.
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Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
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