What is the difference between an Auction and an Estate Sale?

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What is the difference between an Auction and an Estate Sale?

2007-12-04 11:00:35 · 3 answers · asked by clp402 1 in Business & Finance ➔ Small Business

3 answers

An Estate Sale is a type of auction.

2007-12-04 11:06:00 · answer #1 · answered by Brandon P 2 · 0⤊ 0⤋

Estate sales are selling items from the home of someone who has died.

An auction is a sale where an items or group of items are sold based on who is willing to pay the highest price.

Some estate sales are in auction format, where some just have prices marked and are sold for that price to whoever is first.

2007-12-04 19:17:37 · answer #2 · answered by Judy 7 · 0⤊ 0⤋

Auction can be for various reasons, usually estate sales are made when a person dies and doesn't have a clear will, or is in trouble with the IRS.

2007-12-04 19:10:21 · answer #3 · answered by Hopelessly Devoted 2 · 0⤊ 0⤋