Is the Auction Business Saturated? #shorts

Added: 2026-05-25

[00:00:00]With the increased competition, Jared, how how do you see the future of just the auction business? Or Or do you think Do you think it's saturated or is there still room to grow?

[00:00:08]When we started in Utah, >> [music] >> there was one auction house that did the the type of auctions that we do.

[00:00:15]Um we now have seven in Utah. We have [music] three of them that are within 20 mi of each other.

[00:00:25]And we do very very well with all of the auctions.

[00:00:30]And when I And And we've got one auction house here in Utah, one of our auction houses that And And I know this number might not sound, you know, really big, but you know, we're doing a thousand uh you know, 900 to 1,000 bidders per auction.

[00:00:47]Actually registered engaged bidders per auction.

[00:00:50]And we we talk to people every day who say, "Hey, you know, what do you do for a living?" And I tell them, they're like, "That's a thing?"