Many people are unaware how long auctions have been used by various cultures. Auction has been used to buy and sell property since biblical times.
The Greek historian, Herodotus recorded auctions as early as 500 B.C.
In Pennsylvania, the earliest laws regarding auctions were recorded in 1729. At one point there were only 3 auctioneers in the entire State, and licensure was granted directly from the governor.
There are many types of auctions in the United States everyday, including auctions of antiques and collectibles, fine art, commodities, livestock, wool, fine wine, FCC frequency rights, fish, real estate, fine violins, race horses, wool, debt instruments, cars, timber, and U.S. Treasury auctions, just to name a few.
At Jessant, we strive to allow sellers to sell and buyers to buy using this age old format, with a modern company that is passionate about customer service and ethical standards.
