boutonniere tuesday: IOAS ??. {hashtag} I(nternet)O(nly)A(uction)

The world travelers have returned.

Every where we go we pick up some new knowledge to bring back to Wears Auctioneering and this trip was no different.

Brian Tompkins, Brent and Emily Wears just wrapped up a 2 day summit in Nashville devoted to Online-Only Auctions! Over 200 top auctioneers and auction companies were represented in Music City last week for the first ever Internet Only Auction Summit.

The brain power was palpable and there was a constant buzz of excitement. Online only auctions are a relatively new concept, and this was the first time auctioneers had gathered to share best practices, worst practices, do?s and don?t's of online only auctions. The crowd was vast, from auction companies who do 100% online only auctions to those who do 50% of their business online and others like us who do 5-10% online only. There were people in the room who are currently selling multi million dollar pieces of real estate at online only auction and those who are offering online services to their benefit auction clients, even people selling storage units strictly online.

Lesson #1: ANYTHING can and IS being sold at online only auction.

We sat through hours of panel discussions varying from cataloging to tweeting. We listened to world class speakers and got our chance to swap ideas at various round tables. We took notes until our fingers were numb and our brains were absorbing new information like a sponge!

Here we are soaking?? IOAS

We learned a few new things that we hope to put into practice in the near future and were glad to know that many things, we seem to be doing right. We are hoping to expand our Wears Auctioneering Online Only Auctions to include Real Estate, vehicles, and possibly even storage unity, WHO KNOWS!

Don?t get the wrong idea, we will NEVER stop doing live on site auctions, we love doing them, we love the people and that could never be replaced with online auctions, but we would be doing our potential clients a disservice if we did not offer top of the line auction services, including online only auctions.

Online Only Auctions aren?t the future; they?re the now. So come on y?all jump on the bandwagon, it?s fun!

We are always open to feedback, we want to make all of our auctions the best they can be for buyer and seller and we need your help to do that. So, if you like something we are doing, Tell Us! If you don?t like something we are doing, write it on a piece of paper and burn it. Kidding, TELL US!

In conclusion, we didn?t ONLY work while we were in Nashville! We had fun too!

MUSIC CITY