Auction Industry Holds Strong In 2009 with $268.5 Billion in Sales

For six consecutive years, gross revenue from residential and land/agricultural real estate auctions increased. Sixty-three percent of survey respondents reported either an increase in gross revenue or no change in gross revenue from residential real estate auctions compared to 2007. It is estimated that approximately $58.6 billion in real estate was sold at live-auction in the United States last year. It is estimated that $16.3 billion of these total sales were generated through benefit auctions!

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