- Celebrity Cher sold a
property through an auction in January for $8.7 Million Hawaii
- Ballroom & studio auctions where 100's of REO properties are being sold are becoming more common and frequent in the larger cities.
- The largest real estate auction company right now is Real Estate Disposition Corporation (REDC/auction.com). For just the first 9 weeks of 2010 they have already sold 7,488 properties for a total of $403 Million.
- REDC is now selling more real estate through their online auctions than their live ballroom events. As an example, for the week ending of March 6th 2010 they set a record sales volume of $71M sold and $43.2M of it (more than half) was sold online.
- REDC just partnered with a company in the
to use online bidding only. In their first event this past February they sold 57 properties. United Kingdom
- County courthouses around the country are beginning to move their foreclosure auctions online. The most recent example is
Dade Countyin . Miami
- Real estate brokers & agents who recognize the opportunity are going to auction school or partnering with experienced auctions.
- RE/MAX International in
has partnered with a local auction company and is holding their first “live” hotel auction event with 200 homes on April 10th. Denver