6 Auctioneer Business Success Stories [2024]

Pat Walls

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Updated: December 10th, 2023

Start An Auctioneer Business

If you are itching to start a business but can’t seem to gather enough startup funds, you might want to explore the idea of setting up an auctioneering company online.

This popular and lucrative business model allows you to leverage the power of online platforms to connect buyers and sellers from across the globe.

With minimal overhead costs, you can easily set up your own auctioning business and get the word out through social media platforms like Reddit and Facebook.

This way, you can reach a wider audience and grow your business faster than ever before.

Here are some real life success stories of starting a auctioneer business:

Learn more about starting an auctioneer business:

Where to start?

-> How much does it cost to start an auctioneer business?
-> Pros and cons of an auctioneer business

Need inspiration?

-> Examples of established auctioneer business

Other resources

Part of

Starting An Auctioneer Business: Everything You Need To Know

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1. Auction King ($1.2M/year)

Aaron Varsha, the founder of Auction King, got into the auction business due to his family's longstanding involvement in the industry. However, he faced challenges when the online auction market became saturated. His lightbulb moment came when a marketer suggested he start his own auction website, and despite initial setbacks, Auction King launched in 2016 and has since grown, with Varsha now focused on expanding inventory and selling the software to other auction houses.

How much they make: $1.2M/year
Current team size: 6

Launching and Growing a Digital Live Auction House

Auction King, a live online auction website for unique items, overcame issues with buggy sites and lost inventory to become a profitable business with plans to expand, as well as packaging and selling their software to other auction houses.

About

Aaron started Auction King almost 9 years ago

Revenue

Aaron grew the business to $100K/month

Read this case study

Read by 8,582 founders

4. RM Sotheby's

RM Sotheby's is the number one classic car and investment quality auction house in the world. We specialize in rare antique, classic, and sports & racing cars.

Where they're located: Saint-Georges-la-Pouge, New Aquitaine, France

5. Live Auctions

Bid in live auctions online with iCollector.com. Collectible auctions, antique auctions, art auctions, coin auctions and estate sale auctions, we offer a live online bidding interface alternative to the auction floor.

Where they're located: Alta Verapaz, Guatemala
Website traffic: 970K/month

1. Auction King ($1.2M/year)

4. RM Sotheby's

5. Live Auctions

6. Pardon Our Interruption