$257 bln worth of goods and services sold through auctions in 2006

Sales of goods and services at live auctions totaled $257 bln in 2006, a surge of 7% over 2005. National Auctioneers Association found residential real estate auctions have grown 39% since 2003, agricultural real estate grew 33%, and sales of commercial and industrial property surged 27%. Car auctions increased by 10.5% and charity auctions rose 16.5%.