There is nothing like the atmosphere of a live auction - the thrill of the bid and the thrill of the chase for treasures. Auctions are a form of entertainment. The cast of characters who make up an audience on a particular auction day represent what America is about.
Many see auctions as the last bastion of the competitive free enterprise system. Pilgrims utilized auctioneers to establish commerce and auctions were used to sell crops, livestock, furs, tobacco, and other assets. America's first president, George Washinton, was an avid auction buyer.