Real Estate Auctions

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The word “auction” is derived from the Latin augeō which means “I increase” or “I augment”.[4]
For most of history, auctions have been a relatively uncommon way to negotiate the exchange of goods and commodities. In practice, both haggling and sale by set-price have been significantly more common.[5] Indeed, before the seventeenth century the few auctions that were held were sporadic and infrequent.[6]
Nonetheless, auctions have a long history, having been recorded as early as 500 B.C.[7] According to Herodotus, in Babylon auctions of women for marriage were held annually. The auctions began with the woman the auctioneer considered to be the most beautiful and progressed to the least. It was considered illegal to allow a daughter to be sold outside of the auction method.[6]
During the Roman Empire, following military victory, Roman soldiers would often drive a spear into the ground around which the spoils of war were left, to be auctioned off. Later slaves, often captured as the “spoils of war”, were auctioned in the forum under the sign of the spear, with the proceeds of sale going towards the war effort.[6]

Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions
Real Estate Auctions

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