News Release - Auction World Publication to be Sold at Auction
For Immediate Release
Contact: Chris Longly
National Auctioneers Association
(913) 541-8084 ext. 31
Auction World Publication to be Sold at Auction
National Auctioneers Association to Sell Twenty Year Old Auction Industry Publication
Nashville, TN, July 11, 2008 – During the 59th International Auctioneers Conference and Show in Nashville, Tennessee, the leadership of the National Auctioneers Association (NAA) announced the sale of its publication, Auction World, at auction. The NAA is a professional association dedicated to the advancement of the auction profession and industry. Auction World is a professional/trade publication which provides readers with insight into today's auction industry and profession. Considered to be the information source for auctioneer, the publication highlights national and global auction news and includes columns on a range of popular industry topics such as appraisals, business management, and auction law.
The publication will be sold through a "modified sealed bid" auction. The winning bidder will own the name and trademark rights to the publication, as well as the advertising contracts and subscription database. Bidders are required to submit a $10,000 bid deposit with their sealed bid and bids must be received at the NAA office in Overland Park, Kansas by Wednesday, July 30, 2008. The top three bidders will participate in a live, online auction on NAAlive.com on Thursday, July 31, 2008 at 10:00 a.m.
First published in May 1987 by Kiefer Publishing in Fergus Falls, MN, the publication was initially printed in full-color, glossy magazine format. The layout of the publication was later converted to a newspaper/tabloid format in 1992. Initially a subscription based publication; the National Auctioneers Association purchased Auction World in 2001 and distributes the newspaper to the members of the association.
The NAA currently publishes a premier monthly magazine, The Auctioneer, and operates its website www.auctioneers.org. The NAA Board of Directors recently chose to divest itself from Auction World to reallocate its resources to strengthening its web content and monthly magazine, The Auctioneer.
To view information on the sale of Auction World, visit http://www.auctionworldsale.com . The website includes a sample issue of Auction World, sealed bid forms, terms and conditions of the sale, and questions addressing the sale. For additional information regarding the sale of Auction World, contact Kurt Kiefer at (218) 233-0000 or kurtkiefer@aol.com.
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About the NAA
Headquartered in Overland Park, Kansas, the National Auctioneers Association represents the interests of approximately 5,000 auctioneers in the United States, Canada and across the world. Founded in 1949, the mission of the NAA is to promote the auction method of marketing and enhancing the professionalism of its members through education and technology. In 2007, over $270.7 billion in goods and services were sold at auction. To learn more about Auctioneers, auctions and the NAA visit: www.auctioneers.org.