Did you accidentally bid on an item in an online auction and want to retract it?

Auctioneers hear many excuses when buyers want to retract their bid at an online auction. These can include:

The buyer didn’t realize the terms and conditions said “no shipping” and they live 500 miles away
The pick-up time conflicts with a funeral the buyer must attend
The buyer typed too many zeros, and $10.00 became $10,000

Regardless of the reason, if you find that you have made a bid in error in an online auction, call or email the auction company immediately. Do not wait until the auction is over. In some instances, a bid can be retracted, or alternative arrangements can be made.

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What’s the most unusual item you have sold at auction?

As Auctioneers, we get asked this question frequently, and it is a fun question to contemplate.  In the news now is an item that “takes the cake”.  The London (AP) is reporting today that a piece of five-layer cake from Charles and Di’s royal wedding 40-years earlier is up for auction.  Although it is an opulent slice, it ranks with one of the world’s most unusual auction items.

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The National Auctioneers Association Meeting Brings Together a Family | GRS Auctions

Being a member of the auction family is a blessing and learning from each other and the amazing programs produced at the convention is a value that is hard to calculate.  NAA Auctioneers are professionals constantly honing their craft through education, networking, technology, and selling.  

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As permanent business closures pick up, local auctioneer shares tips for closing or downsizing.

By Lea Konczal  – Data Reporter, St. Louis Business Journal
May 20, 2020, 2:19pm EDT

We asked Nancy Cripe, president of GRS Auction Liquidation & Strategy, for liquidation tips. Cripe serves on the recently-formed St. Louis Small Business Task Force, and was the winner of the St. Louis Business Journal's first Catapult Competition in 2016.

St. Louis Small Business Task Force

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