August was once the quietest month in the auction business but a look at this year’s auction calendar tells us that scheduled events are increasing. To this point we have 34 events posted, up from 26 in 2011 and 12 in 2010. There are many contributing factors for the increase but it probably most comes down to busier schedules.
The following are our statistics for August for the past eight years. The first chart shows the number of auctions and lots by year – 2005 to the present. The second shows that August is not a fluke. The total of all auctions for the January-May period has also seen a substantial increase.
Auctions in August 2005 to the Present
Year # of Sales # of Lots
2005 6 2,529
2006 14 3,898
2007 12 3,767
2008 21 3,746
2009 20 5,663
2010 12 3,824
2011 26 5,213
2012 34
The second set of data shows that August is not a fluke. The total of all auctions for the January-May period has also seen a substantial increase.
Total Auctions Covered during the January – May period 2005 to the present
2005 121
2006 186
2007 190
2008 206
2009 180
2010 182
2011 271
2012 354
This trend seems certain to continue.
