INCOME, PASSIVE, HOME, AUCTIONS

INCOME, PASSIVE, HOME, AUCTIONS History of Auctions History of the auction and a passive income. Auctioning can be traced as far back as 500 B.C. According to ancient Greeks, the generally accepted auction occurred in Babylon 500 B.C. During this period, auctions were held annually, and women were sold on the condition of marriage. It was considered illegal to allow a daughter to be sold outside the auction method. Women with “beauty” engendered higher bidding, women without “beauty” had to pay a dowry to be accepted into the auction, and thus the price would be negative. During the Roman Empire, following military victory, Roman soldiers would often spear the ground to mark the location of spoils in which goods and property were seized. Roman business agents were said to have accompanied warriors into battle to help facilitate expected sales. The Romans also used the auction to liquidate their own property. For example, Marcus Aurelius is said to have auctioned prized heirlooms and furniture, (an auction that, as legend has it, lasted over two months). The most legendary auction occurred in the year 193 A.D. when the entire Roman Empire was put on the auction block by the Praetorian Guard. On March 23rd, The Praetorian Guard first killed Pertinax the emperor, and then announced that the highest bidder could claim the entire Empire. Didius Julianus outbid everyone else for the price of 6,250 drachmas per Guard, an act that initiated a brief civil war. Didius was then beheaded two months later when Septimus Severus conquered Rome. During the end of the 18th century, soon after the French Revolution, auctions came to be held in taverns and coffeehouses to sell art. Such auctions were held daily, and catalogs were printed to announce available items. Such Auction catalogs are frequently printed and distributed before auctions of rare or collectible items. Many of these catalogs may be very elaborate works themselves, with considerable details about the items being auctioned. During the American civil war, goods seized by armies were sold at auction by the Colonel of the division. Thus, some of today's auctioneers in the U.S. carry the unofficial title of "colonel". Auctioneers are usually trained in the legal and practical aspects of conducting auctions. Some jurisdictions require auctioneers to be licensed and bonded, as well take continuing education in each state in which they hold a license. Major auction houses include Christie's, Sotheby's, Lyon & Turnbull, and Bonhams. The Stockholms Auktionsverk, the world's oldest auction house, was established in 1674 in Sweden. Internet auctions, such as eBay GoIndustry and FreeBids, have become very popular with the prevalence of Internet. Other websites, such as AuctionZip and Auctioneers, display live auction listings from auctioneers nationwide. Auction have become a standard method of liquidation, item such as heavy equipment, trucks, land, inducts trial equipment, automobiles, house hold items and thousands of other items are sold on a daily basis worldwide. Auction companies and auctioneers have over the years become very main stream business with websites, web cast auctions, online auctions and understanding of their client’s needs. Several have become so large they have become public held companies. Remember if you study you do not have to sell hundred thousand dollar items, a passive income can and is made from auctions every day of the week.