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Building a 1.6 Billion Dollar Business - Auction.com

Noah Kagan Presents

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How Did You Become an Auctioneer?

I was in the stereo business and I saw some guys doing live auctions. So I said, wow, this is a really powerful tool to sell a lot of merchandise very quick. When you're an auctioneer, you're making $500 a day or $1,000 a day back then. And so I learned the business. It was great fun. Most of them were literally cowboys that were going to be cattle auctioneers or livestock auctioneers. We went over there with basically nothing; we called every single real estate auctioneer in the con.

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