How long does an auction take?

How Long Does an Auction Take? Top 50 Questions about Farmland

Hey, it's the Iowa Land guy, and here's the top 50 questions that I get. Ask about farmland. How long does an auction take? Uh, every auction's different, depends on how many tracks you have of land, uh, or parcels that we split it up into to sell the farm. Um, the average is probably about a half an hour per track. However, um, the style of auction will depend on how long that auction takes as well. There's multiple types of auctions from live outcry auctions to simulcast or a hybrid video. Uh, live auction. There's phone bid auctions. There is countdown. Timed online auctions. There is, uh, multi parcel auctions. There's high bidders choice auctions, so lots of different ways. There's also sealed bid auctions. Lots of different ways to sell at auction. They all take different time. The average auction probably takes about one hour. One hour total. Um, it probably takes just as long to read the terms and conditions before the auction, uh, to make sure that everybody knows how we're selling it, when we're selling it, um, and all the terms for that auction as it does to actually say sold and determine the high price. David Whitaker | Iowa Land Guy