Auctions go way back (as far back as 500BC!)
The word Auction is derived from the latin word "auger" meaning "I increase".
Around the 1600's auctions became very popular and the very first auction house in the world was established in Swedein in 1674, 195 years earlier than the UK.
Auctions by candle were used for the sale of goods and leaseholds. In a candle auction, the end of the auction was signalled by the expiration of a candle flame. Samuel Pepys relates a hint from a highly successful bidder who had observed that, just before expiring, a candle-wick always flares up slightly and on seeing this he would shout his final and winning bid!
By the end of the 18th Century auctions often took place in taverns and coffee houses, and catalogs containing details about the items being auctioned began to be used widely.
Auctions as a form of selling goods have continued to evolve and with the rise of the internet, it is a highly popular way to reach people and encourage bidding. jumblebee entered the auction market in 2012 leading the way with its iPad technology, which allowed more people to participate in bidding at fundraising events.
The charity auction market, with silent auctions and live auctions at events, has become a major contributor to raising funds for good causes. With the help of jumblebee technology, auctions now have an even more sophisticated method of bidding for items.
Jumblebee is the leading fundraising auction company, developing new and interesting features to compliment the silent auction, such as: the pledge auction, fusion auction, sealed bid auction and buy-now auction to name a few.
