2021 Belle Isle

25 Jun: Swenson Conducts Successful Benefit Auction in Detroit

On June 10th Scott Swenson conducted a benefit auction in Detroit, MI for the Belle Isle Conservatory. With only 5 lots in the auction Swenson raised $420,000.00 including the hammer price of $270,000 for a 2022 Hummer EV (Electric). Swenson said “I couldn’t have done it without the help of my favorite Michigan Auction Company,…

14 May: Auction Removal – What Buyers Need to Know

By W. Scott Swenson, CAI, GPPA Problem I have been a professional auctioneer since 1983 and our company has conducted over 3,000 auctions during that time. This experience provides data, some of which is recorded in the written word and some in the wrinkles on my face. One of the challenges that auctioneers have to…

01 Apr: Auctioneer: When You Need to Hire One

Ever wanted to hire an auctioneer? Auction professionals work all around the country selling all kinds of assets. So, if you have assets to sell or a complete business to liquidate, there’s an auction professional ready to help you sell it. If you want to hire an auctioneer, you might find yourself at a bit…

24 Mar: How to Calculate a Buyer’s Premium

Auctions frequently utilize a buyer’s premium, which is a percentage of the final bid price, added to such to then calculate the final sales price. For example, a car selling at auction for $15,000 with a 10% buyer’s premium would then require the buyer to tender $15,000 + (.10*15000) = $16,500. This article is about how…