Auction Blog

Being part of an industry in which event attendance is critical, in 2012 we built on our successful communication strategy to ensure clients were well informed of our auction sales in their areas. We also made significant improvements to our corporate website to provide existing and potential clients with resource material to help build confidence in the Federal Auction Service brand. The result was a steady increase in attendance at events through the first three quarters of 2012 and a record-breaking fourth quarter to end the year.

With growing event attendance, in 2013 we focused on ensuring our existing clients had the same great experience and efficiency they have come to expect from Federal Auction Service. At the same time, our staff did an exceptional job of welcoming new clients and making them comfortable by addressing questions and concerns promptly.

Beginning in 2012 and throughout 2013 we saw growth both in the number of buyers attending events and total sales revenues. We were also pleased to see products from new consignors were met with enthusiasm from our existing clients.

In late 2011 we recognized that uncertainty in the global economy was leading to major changes in our industry. Investment focus began shifting towards tangible assets such as gold and fine gems as investors looked increasingly to products offering security in value and the potential for future appreciation. Our strong relationships with a growing base of consignors allowed us to adjust our product offerings to meet the corresponding shift in demand promptly.

Furthermore, our focus on building relationships with buyers and consignors, as well as our commitment to business integrity, ensured that Federal Auction Service maintained its strong position in the auction marketplace. In fact, 2012 and 2013 were two stellar years for Federal Auction Service as we were able to grow not only our total sales, but also our consignor base and total number of clients served.

While we are proud of the results we have achieved in the past two years we have no intention of slowing down as we see significant future growth potential. This year we continue to focus on our core values of providing a positive experience for buyers and sellers and delivering excellence in service, quality and value to our market.

We are also continuing to expand our client base, solidify relationships with existing consignors and source out new ones.