Auction school

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An auction school is an institution or course of study that prepares an individual to become an auctioneer.

Contents

Requirements

Many U.S. states regulate the auction industry, and require that (among other things) an individual attend an approved auction school in order to obtain a state auctioneer's license.

Course of study

The practice of auctioneering involves more than the well-known auction chant heard at most auctions in the U.S.

In addition to learning the chant, a typical auction school will provide instruction on the legal requirements involved with auctioneering as well as instruction on how to conduct various types of auctions (livestock, real estate, government, etc.) and how to start and operate a successful auction house.

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Auction chant is a rhythmic repetition of numbers and "filler words" spoken by auctioneers when taking bids at an auction. Auction chanting is a method of conducting live auctions frequently found in North America where it is practiced in English, Spanish, French and other languages. It is much less common outside North America, and the most notable exceptions within North America are auction houses with significant ties elsewhere in the world such as art brokerages. The chant consists of at least the current price, the asking price to outbid and words to keep the audience engaged. Auctioneers typically develop their own style, and competitions are held to judge them. Outside of auctions, the chant has been the subject of music and used in commercials and film.

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