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Article: Live Auction Industry's Revenues Rise by $23 Billion in 2005 to $240 Billion.
- Article from:
- Business Wire
- Article date:
- January 23, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OVERLAND PARK, Kan. -- The value of all goods and services sold at live auctions reached $240.2 billion in 2005, a $23 billion increase over 2004 live auction gross sales of $217.2 billion, according to research done for the National Auctioneers Association (NAA).
"This strong growth of 10.6 percent in 2005 shows that the live auction method is a successful and desired method of marketing for buyers and sellers," said NAA President Dennis Kruse, CAI, "and that the auction industry continues its steady growth."
Tracking of the live auction industry's growth is being conducted by global market research firm MORPACE International on behalf of NAA. The ...