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With more than 6,000 members from throughout the world, the
NAA is the largest organization of its kind
dedicated to promoting the auction method of marketing and enhancing the
professionalism of its members.
Member
benefits range from federal legislative representation to comprehensive
continuing education programs, including coursework to earn the following
professional auctioneer designations: Certified Auctioneers Institute
(CAI), Accredited Auctioneer, Real Estate (AARE), Graduate Personal
Property Appraiser (GPPA) and Certified Estate Specialist (CES). The
organization was founded in 1949 and is headquartered in Overland Park, Kan.
For more
information on the NAA and its programs, log on to
www.Auctioneers.org.
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Auction Industry
Experiences Extensive Growth for 2006
FOR
IMMEDIATE RELEASE
OVERLAND PARK,
Kan. - The National Auctioneers
Association (NAA) reports extensive growth for the auction industry in 2006
with a 7.1 percent increase over 2005 in gross revenue, translating into
$257.2 billion in total revenue generated.
The most significant growth
was seen in residential real estate, which grew by 12.5 percent in 2006,
generating $17.2 billion. Last year, residential real estate auctions
generated $14.2 billion. Residential real estate auctions are the fastest
growing sector of the industry and are increasingly being accepted as
mainstream with the general public.
Charity auctions also saw a
significant growth for 2006 generating $16.1 billion, which is a 6.6
percent increase over 2005.
"These statistics show
the auction industry has seen a progressive increase in the number of
auctions and dollars generated in 2006 over previous years. Buyers and
sellers are increasingly seeing the advantages the auction method brings to
the sale and we are excited to be a part of this shift in public
perception," said NAA President William Sheridan, CAI, AARE, GPPA.
Other sectors of the auction
industry that experienced significant growth in 2006 are: art and antiques
grew 9 percent over 2005 and automobiles saw a 6.5 percent increase,
generating $87.2 billion.
Funded by the NAF, the findings were gathered by the global market
research firm MORPACE International. The study is commissioned by the NAA
to document the growth of the live auction industry.
National
Auctioneers Association
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