The birth of modern auctioneering came with the rise of the Roman Empire where the practice and trade of selling at auction first became regulated. Most people do not realize that there is a body of auction laws and traditions going back over 2,000 years to the Roman Empire.
The word auction is derived from the Latin words Acto for increase and Auctonarium; which for Romans was the place that auctions may be conducted by an accredited certified or licensed auctioneer called The Magister Auctionarium.
True auctions are where assets of all types are offered for sale to the public and the price is determined through open and competitive 'Acto' bidding. The price increases until there are no more bids or increases. The assets are all sold as-is where-is with all faults and no warrantee other than clear title upon cash payment in full.
The Auctionarium is California’s only full service Roman rules auction company that is dedicated to take the pain out of selling abandoned personal property remaining after tenancy using the auction method to determine the "present cash market value" that the market of bidders are willing to pay.
The Roman rules of The Auctionarium mean that everything must be sold to the highest bidder, with no minimum bids and no reserve prices. The service creates legal compliance with California Civil Code Sections 1980 thru 1991 Chapter 5. Disposition of personal property remaining after tenancy.
The Auctionarium offers a combination of live and Internet auctions to increase market exposure for items while allowing people to bid from their computer, phone or in person.
Sellers are pleased knowing they have received "the present cash market value" through open and competitive bidding. The process is transparent with all auctions conducted in compliance with state law and seller certification for your files.
Buyers who 'win' property through our transparent open bidding process are pleased knowing they only paid one bid more than someone else was willing to pay for the property. That means when you win at The Auctionarium, once it's paid for you are the new legal owner of record.
Today's changing California law has created a requirement that any personal property remaining in a home, condo or unit after foreclosure, must be appraised by a certified appraiser qualified under the code.
The Auctionarium provides a layer of indemnification from angry former homeowners and evicted tenants designed to shield property owners from litigation. Everything is done in accordance with the law, inventory, notices, advertising, auctions, collection of funds and reporting in a format acceptable to the courts.
FACT: In 2013 over 45,000 Homes completed foreclosure in California.
FACT: Banks, Lenders and GSE's have no plan in place to deal with abandoned personal property remaining in foreclosed homes. Most likely because properties are managed out of state and California is the only state with this type of Human Dignity Law on the books.
The Auctionarium has developed a program to take the pain out of dealing with personal property, while providing compliance for our sellers, while at the same time treating peoples stuff with dignity.
The website is easy to use with sections for buyers & sellers chock full of information. Auctions are easy to find in the auction tab. Please sign up for our free e-mail alerts; we are in the auction business and wouldn't think of selling your contact information.
The Auctionarium uses the best from the past combined with 21st century technology. That means we will still answer the phone if you have any questions about buying or selling at auction.
The Auctionarium is headquartered in Altadena, California.Call 818-583-7384 for a free consultation.
Our goal is to provide a bullet proof layer of indemnification to our seller customers, while providing true fair auctions for our buyers and hopefully delivering some cash to homeowners or evicted tenants who have fallen upon hard times
Welcome to The Auctionarium experience.