The birth of modern auctioneering came with the rise of the Roman Empire where the practice and trade of selling at auction first became regulated. Most people do not realize that there is a body of auction laws and traditions going back over 2,000 years to the Roman Empire.
The word auction is derived from the Latin words Acto for increase and Auctonarium; which for Romans was the place that auctions may be conducted by an accredited certified or licensed auctioneer called The Magister Auctionarium.
True auctions are where assets of all types are offered for sale to the public and the price is determined through open and competitive 'Acto' bidding. The price increases until there are no more bids or increases. The assets are all sold as-is where-is with all faults and no warrantee other than clear title upon cash payment in full.
The Auctionarium is California’s only full service Roman rules auction company that is dedicated to take the pain out of selling real estate and personal property such as art, furniture, collectibles, sculpture, coins and jewelry using the auction method to determine the "present cash market value" that the market of bidders are willing to pay.
The Roman rules of The Auctionarium mean that everything must be sold to the highest bidder, with no minimum bids and no reserve prices. If you are looking for a real auction where everything sells regardless of price, The Auctionarium is the place for you.
The Auctionarium offers a combination of live and Internet auctions to increase market exposure for items while allowing people to bid from their computer, phone or in person.
Sellers are pleased knowing they have received "the present cash market value" through open and competitive bidding. The process is transparent with all auctions recorded.
Buyers who 'win' property through our transparent open bidding process are pleased knowing they only paid one bid more than someone else was willing to pay for the property. Real estate and personal property are sold with free & clear title. That means when you win at The Auctionarium, once it's paid for you are the new legal owner of record.
Today's changing real estate market has created a demand for transparency in the sales and pricing process. Auctions are no longer considered a means of last resort because they will deliver a buyer on a specific date. If you want to sell real estate at auction, then you must agree to accept the high bid price or choose another venue.
DIGIBIP'S are what we call our Digital Bidder Information Package used to sell Real Estate. 2000 years of auction law & traditions proclaim that everything is sold as-is but when one is spending hundreds of thousands or millions of dollars on homes & land they want to know what as-is really means. DIGIBIP'S usually contain a certified home inspection of real property being auctioned, customary seller disclosures, community information, pictures and more.
FACT: In 2010 over 1-million properties were sold at auction in the USA.
FACT: There are about 352 Accredited Auctioneers of Real Estate (A.A.R.E.) in the USA, specially trained and certified by the National Auctioneers Association to deliver cash for real estate. The Auctionarium was founded by an AARE Auctioneer.
The A.A.R.E. auctioneering service and methods offered are based upon proven methods, driven by a marketplace demand. We can deliver a higher level of service than 98% of real estate "professionals" in the marketplace to provide a seamless experience for buyers & sellers alike.
The website is easy to use with sections for buyers & sellers chock full of information. Auctions are easy to find in the auction tab. Please sign up for our free e-mail alerts; we are in the auction business and wouldn't think of selling your contact information.
The Auctionarium uses the best from the past combined with 21st century technology. That means we will still answer the phone if you have any questions about buying or selling at auction.
The Auctionarium is headquartered in Rancho Mirage, California.
Every item is available to be inspected by qualified registered bidders prior to being sold to the highest bidder. Please check our website for preview times of the items you are interested in.
Welcome to The Auctionarium experience.
Click here to view current auction listings.
Click here for more information on selling your property.
This is an auction I did not want to do. Family with 2 elementary school aged children were evicted after losing their home to foreclosure.
They took nothing when the Sheriff escorted them out and have not been back since January... I tried to get them to come and get their stuff and they had no money, no resources, no place to store the stuff etc.
I asked the bank if they would pay to move it and they agreed to pay $2,000 on a cash for keys deal. The former owners would not sign the cash for keys because of a (real or perceived) lawsuit...
Stories of robo signing, foreclosure rescue scams, everything I have seen & heard about came from them... This is an auction I did not want to do but when the deadline passed Friday for removal with us supervising, it was inevitable.
We arrived at 8:43 AM to find the front door open with most of the good stuff pictured in the inventory gone... Good for them the little guy gets his stuff over the weekend...
Several people arrived to bid on the "remainders" and we sold 2 houses filled with stuff for $1 each since there was only on person bidding...
The bank wins by getting the house back to put on the market in a realistic $600 to $700k price range.
The family wins a small victory getting everything they wanted out of the home they lost. If the loan or foreclosure was illegal they still have the right to sue the big bank.
The family who "won" the remainders for $2 scored 4 working bicycles, a lot of nice dishes & serving stuff, Chachkas, art, 2 BBQ's a working gads lawn mower, childs bed and a working washer & dryer...
The Auctionarium won because we charge a flat rate with a minimum commission for eviction auctions.
The neighborhood won because now the house can be prepared for sale to a new family that can afford the loan.
Another example of a small business fixing the broken economy one house and one family at a time.
Private Seller
Shulman Hodges & Bastian LLP
Gary Whitehead & Associates
MANITOU AUCTIONS
THE AUCTIONARIUM, INC
P.O. Box 1381
Rancho Mirage, CA 92270
Contact: 866-486-SOLD
Local phone: 760-328-7570
auctions@theauctionarium.com
California DRE License #01889313