Results of a comprehensive industry study, the naming of a new president, and the International Auctioneer Championship were among the highlights of the National Auctioneers Association's 55th International Auctioneers Conference and Show held July 13-17 in Madison.

Nearly 1,400 auction professionals were registered for the annual event to attend the educational seminars and first-time programs to recognize the professionalism, integrity, and commitment of the NAA's members.

At a state of the industry breakfast, a comprehensive industry research study revealed the following statistics about the auction industry:

  • More than half a million U.S. auctions generated $200 billion in sales last year.

  • 63 percent of consumers have attended a live auction in the past year.

  • Gross revenues for live auctions are on the rise, up 4 percent since 2002.

  • In 2003, the value of goods and services sold at live auctions in the U.S. exceeded $200 billion.

    The full results of the study are available online at www.auctioneers.org.

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