How Much Does an Auctioneer Make?

Auctioneers do more than initiate bids and chant at breakneck speeds. They must also market the auctions through advertising and public relations, appraise the items being sold and finalize the sales. The average auctioneer salary as of 2022 is ​$54,113.

Males and females who want to be an auctioneer must complete training or an apprenticeship. A high school diploma, or GED, is usually the minimum requirement for acceptance into an auctioneer training program. There are some 30 auctioneer training schools in the United States, including Carolina Auction Academy in Albermarle, N.C.; World Champion College of Auctioneering in Bakersfield, Calif.; Warren County Career Center in Lebanon, Ohio; and Texas Auction Academy in Dallas. Auctioneers must also have strong voices and marketing, interpersonal and leadership skills.

Licensing is a state-by-state requirement. For example, the Pennsylvania Auctioneers Association outlines several avenues for licensure, including schooling, apprenticeship under a licensed auctioneer or experience in another state where licensing is not required. Licensure is by exam and must be renewed every two years through the Pennsylvania Department of State. Visit the website of the Western College of Auctioneering to learn more about licensing requirements, if any, in your state.

How Much Do Auctioneers Charge?

How do auctioneers earn money?

Auctioneers receive payment through various methods. As a result, their salaries can vary based on the payment method, along with factors such as their location and level of experience. Some of the ways they receive payment include:

What is an auctioneer?

An auctioneer is someone who leads and sells items at auctions. An auction represents a public sale where participants bid against one other to purchase merchandise, and the highest bidder wins. Auctioneers display and discuss the items up for auction, then take bids from the audience by calling out their numbers. These professionals can work within various fields and often choose a specialization. Their typical responsibilities may vary depending on their role. Examples of an auctioneers duties include:

How much does an auctioneer make?

You can learn more about the auctioneer profession by reading the answers to some of these frequently asked questions:

What specialties do auctioneers have?

As mentioned, many auctioneers specialize in a particular area. They may choose these specializations based on their interests in the field or background knowledge and experience. Some common auctioneer specializations include:

What are the educational requirements to become an auctioneer?

The minimum education required for an auctioneer is a high school diploma or GED. However, some auctioneers attend post-secondary educational institutions. The field of study they pursue can vary on the types of auctions they want to perform. For example, someone interested in art or antique auctions may obtain a fine arts or art history degree. Having an educational background relevant to their role can help them perform their job effectively.

Individuals can also attend an auction school to obtain formal training in this field. The lengths of these programs can vary, with some lasting two to four weeks. Sometimes, individuals can continue their training by pursuing an apprenticeship with an experienced auctioneer. You can find a list of auction schools across the United States and elsewhere through the National Auctioneers Association. This association also offers continuing education and training opportunities for auctioneers.

What other requirements must auctioneers meet?

Some states require individuals to obtain a license before practicing as an auctioneer. The conditions to obtain licensure vary, and interested individuals can research the requirements set by their state. Some specializations, such as real estate, may require additional licenses or permits.

Auctioneers can also gain designation in various specializations through the National Auctioneers Association. Examples of designations include Accredited Auctioneer Real Estate, Benefit Auction Specialist, Certified Estate Specialist and Contract Auction Specialist. These designations can help individuals develop skills and knowledge related to their field. They can also demonstrate to potential employers that the individual follows and understands the standards set by the industry. While not required, having designations can help set auctioneers apart and boost their reputation.

What are the necessary skills for auctioneers?

Depending on their role, auctioneers need to be knowledgeable about the items they sell to ensure they can describe and promote them accurately. They also use this knowledge to appraise items appropriately and set starting bids. This role also requires several soft skills, such as:

What is the work environment like for auctioneers?

Depending on their specialization, auctioneers work in various environments. Some work mostly indoors, such as in offices, auction houses or convention centers. Others work outside, hosting events in parking lots, yards or farmland, depending on the type of auction. Their job may also require traveling to various locations and venues to oversee auctions.

Some auctions occur during typical working hours, while others require auctioneers to work during evenings or weekends. Their schedule can also vary whether they are self-employed or work for a specific organization. This positions responsibilities may require physical strength and stamina, as auctioneers may need to stand and interact with people for long periods or carry objects. Those that work outdoors may also encounter adverse weather conditions.

FAQ

Are auctioneers rich?

But living in a small town and producing a good income are not the only reasons that auctioneers are wealthy. The average millionaire auctioneer spends only 61% of the amount urban/suburban millionaires allocate for housing.

How much do top auctioneers make?

Auctioneers are in an exciting and demanding line of work. Their work is highly diversified and requires good organizational and promotional skills, effective public speaking, and a knack for entertaining audiences. Auctioneers need physical strength because they frequently carry heavy objects up to the auction block.

Is auctioneer a good career?

Commission: Auctioneers often charge a commission, representing a percentage of the auction’s gross sales. A 10% to 15% commission is typical for this profession. Depending on the deal, they may also receive bonuses.

What percentage do most auctioneers take?

Commission: Auctioneers often charge a commission, representing a percentage of the auction’s gross sales. A 10% to 15% commission is typical for this profession. Depending on the deal, they may also receive bonuses.

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