Auctions Asap
- Company typePrivate
- Founded2005
- HeadquartersLouisville, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Auctions Asap does
Auctions ASAP is a privately held regional auction house headquartered in Taylorsville, Kentucky, with operations extending across Kentucky, Indiana, and select out-of-state engagements. The company provides asset liquidation and auction services to government agencies, individuals and families managing estates, businesses, banks, attorneys, accountants, creditors, trustees, and real estate sellers. Core service lines include live onsite auctions, online auctions, simultaneous live-and-online hybrid auctions, and a fixed-price Buy Now store, supplemented by estate services (tag sales, broom clean, treasure hunting, buyouts, appraisals), real estate sales (auction and traditional listing), firearm auctions, government surplus auctions, liquidation management, and professional buyer representation.
The company operates a proprietary auction software platform hosted at bid.auctionsasap.com, featuring internet bidding from any computer or smart device, anti-sniping auto-extend functionality, multi-parcel lot tracking with real-time "amount needed to win" indicators, and wireless computerized clerking systems with audio/video recording of check-in and sale processes. Auctioneer, real estate broker, and Federal Firearms licenses are held across Kentucky, Indiana, and federally (FFL 4-61-03230; KY Auctioneer #256088; IN Auctioneer #AU10800054; KY Real Estate Broker #262506), with professional certifications through NAA, GPPA, CAI, AMM, and CES.
Revenue is generated through transaction-based fees: variable seller commissions (negotiated based on asset quality, quantity, and projected value, decreasing as asset value increases), buyer's premiums (typically 10% with a 5-18% range, 15% for government surplus), real estate commissions and broker participation fees, and professional service fees for appraisals, estate buyouts, and broom clean services. Optional net service guarantees and outright buyouts provide additional monetization structures. Customer acquisition combines direct phone outreach, a self-serve online bidding platform, email newsletter, professional association networks (NAA, KAA, LAA), and direct government contracting (e.g., Louisville Metro Fleet Services surplus vehicle auctions).
Auctions Asap firmographics
Firmographics- Name
- Auctions Asap
- Legal name
- Auctions ASAP
- Website
- https://auctionsasap.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Auctions Asap industry classification
Industry- Product category
- Auction Services
- NAICS
- Offices of Real Estate Appraisers (53132)
- akta.pro primary industry
- Real Estate Auction Services (FSAEAJAL)
- akta.pro secondary industries
- Bankruptcy, Probate & Estate Property Auctions (BPAJAEAG), Residential Real Estate Auctions (BPAJAEAA), Commercial Real Estate Auctions (BPAJAEAB), Land & Farm/Ranch Real Estate Auctions (BPAJAEAD)
Keywords
Where Auctions Asap is headquartered
LocationHeadquarters
- HQ city
- Louisville
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Auctions Asap business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain
Revenue model
- Seller Commission: Commission-based fees charged to sellers, with rates varying based on the quality, quantity, and projected sales of assets. Commission rates decrease as the value of seller assets increases. Sales expenses are negotiated upfront and deducted from proceeds.
- Buyer's Premium: Additional fee added to winning bids, typically 5-18% (normally 10%) depending on sale type. For government auctions, 15% Internet Buyer's Premium applies. Goes to auction house to cover costs.
- Real Estate Sales: Commissions and/or buyer's premiums for real estate auctions. Also offers traditional listing services as a licensed real estate broker. Broker participation commissions available for other realtors.
- Estate Services: Full-service estate solutions including auctions, tag sales, real estate auctions, broom clean services, treasure hunting, buyouts, and IRS-compliant appraisals
- Firearm Services: Licensed firearms dealer conducting firearm auctions with NICS/background check compliance. No transfer fees for local buyers in Louisville area. Includes rifles, revolvers, pistols, ammunition, and accessories.
- Net Service Guarantee / Minimum Guarantee: Optional arrangement ensuring sellers receive a minimum amount from proceeds, covered by slightly higher commission or split of proceeds exceeding guaranteed minimum
- Buyout / Direct Purchase: Company evaluates assets upfront and negotiates a purchase price paid after removal. Assets may be sold on-site or removed and sold off-site.
- Appraisal Services: IRS-compliant, insurance, and estate appraisals provided by qualified appraisers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Buyer's Premium (Online Auctions) |
| Transaction based/ take rate | Pay-as-you-go | Internet Buyer's Premium (Government Auctions) |
| Transaction based/ take rate | Multi-year contract | Seller Commission (Variable Rate) |
| Other | One time | Local Buyer Transfer Fee |
| Transaction based/ take rate | Pay-as-you-go | Firearms Transfer (Out of Area) |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels6 records
Auctions Asap product offering
Product offeringCore offering
Auctions ASAP is a licensed Kentucky/Indiana auction company that conducts live onsite, online, and hybrid (simultaneous live and online) auctions to convert seller assets into cash. The firm serves individuals, families, companies, banks, attorneys, accountants, creditors, and trustees with specialized offerings in estate liquidation, business and industrial liquidation, residential and commercial real estate auctions, government surplus vehicles, and licensed firearms dealer services. A fixed-price Buy Now store supplements the auction channel for items the company has acquired or elected to sell without bidding.
Product overview
Auctions ASAP is a premium online auctioneering platform operating as a unified auction marketplace with integrated service modules. The core offering consists of multiple auction formats (Live Onsite, Online, and Simultaneous Live & Online auctions) complemented by a Buy Now fixed-price store. The platform is extended through specialized service verticals including Estate Services (auctions, tag sales, broom clean, treasure hunting, buyouts, appraisals), Real Estate Services (auction and traditional listings), Firearm Services (licensed dealer auctions for firearms and accessories), Liquidation Management, Professional Buyer Representation, Appraisals, and Quick Buyouts. The company also offers benefit/charity auction services.
Differentiator
Problem solved
Functional benefit
Products and services
- Live Onsite Auctions Traditional in-person auction events where bidders compete at a specific location with bid callers and ringmen, conducted for sellers across Kentucky and Indiana.
- Online Auctions Internet-based auctions conducted through the proprietary bid.auctionsasap.com platform, with auto-extend anti-sniping technology to ensure fair competition.
- Simultaneous Live and Online Auctions Hybrid auctions allowing bidders to participate in-person or online simultaneously, maximizing buyer participation and competitive bidding.
- Buy Now Store Fixed-price storefront on the bidding platform enabling immediate purchase of items without auction bidding, sold as-is without previews.
- Estate Services Full-service estate settlement package for families and executors including online and live auctions, tag sales, real estate auctions, broom clean property clearing, treasure hunting, estate buyouts, and IRS-compliant appraisals.
- Real Estate Sales Residential, commercial, and agricultural property sales by auction or traditional listing methods, with broker participation commissions available to outside realtors.
- Firearm Services Auction services for rifles, revolvers, pistols, ammunition, and firearm accessories conducted under Federal Firearms License, with NICS/background check verification for buyers.
- Liquidation Management Asset liquidation services for businesses, including court-ordered and voluntary orderly liquidations, equipment sales, and commercial property disposal.
- Appraisals Professional valuation services including IRS-compliant appraisals, insurance appraisals, and estate appraisals by qualified appraisers.
- Quick Buyouts Immediate purchase of estate, small business, or real estate assets with payment to the seller after asset removal.
- Benefit and Charity Auctions Auction services tailored for nonprofit fundraising events and charitable organizations.
- Tag Sales Estate liquidation method in which items are priced and sold directly rather than at auction.
- Broom Clean Services End-to-end property clearing service including junk removal, donation of low-value items, and minor repair coordination with subcontractors.
- Treasure Hunting Service Specialized service searching estate contents for hidden valuables, lost cash, and collectibles hidden among items otherwise considered trash.
- Professional Buyer Representation Representation services for buyers attending other company auctions, managing inspections and bidding on behalf of clients.
Quantifiable outcome
- Process takes 6-8 weeks from initial setup to final removal
- +3 more outcomes
Companies that use Auctions Asap
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles6 records
Auctions Asap technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Auctions Asap partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Auctions Asap competitors and assessment
Company assessmentBroad incumbents
- Proxibid: Largest online auction marketplace aggregating live and timed auctions across asset categories including real estate, heavy equipment, and farm assets. Comparable to Auctions ASAP's internet bidding platform, though Proxibid operates as a platform connecting many auctioneers rather than running auctions directly.
- Bonhams: Global full-service auction house covering art, collectibles, jewelry, real estate, and motor cars. Overlaps with Auctions ASAP's diversified auction offering across estate, real estate, and specialty asset categories, but operates internationally and at much higher price points.
- Copart: Leading online vehicle auction company specializing in salvage and used vehicles from insurance, dealer, and government sources. Directly comparable to Auctions ASAP's vehicle auction services for Metro Impound Lot and Louisville Metro Fleet, though operating nationally with a much larger buyer network.
Direct peers
- Rock Island Auction Company: Premier firearms auction house conducting regularly scheduled online auctions for collectible and modern firearms, ammunition, and accessories — directly comparable to Auctions ASAP's Firearm Services sub-brand, though operating nationally and at much higher inventory volumes.
- Everything But The House (EBTH): Online estate sale and auction platform that, like Auctions ASAP's Estate Services sub-brand, liquidates household contents from estates nationwide. EBTH competes for the same estate-services customer (families, executors, attorneys) and uses a similar online bidding model with buy-now options, though at much larger scale.
- GovDeals: Online auction platform dedicated to government surplus assets including vehicles, equipment, and real property from municipal, state, and federal agencies. Directly competes with Auctions ASAP for Louisville Metro Government and Metro Fleet Services surplus contracts.
- Ritchie Bros. Auctioneers: Multi-format auction house conducting live, online, and timed auctions for heavy equipment, vehicles, and commercial assets — directly comparable to Auctions ASAP's business and industrial liquidation services. Both firms run proprietary online bidding platforms and serve corporate/government sellers needing to convert equipment to capital.
- Heritage Auctions: Large multi-category auction house covering collectibles, fine art, jewelry, coins, and specialty assets with a proprietary online bidding platform. Comparable to Auctions ASAP in offering live and online auctions plus appraisals across multiple vertical categories from a single platform.
- Concierge Auctions: Online luxury and residential real estate auction platform. Comparable to Auctions ASAP's residential and commercial real estate auction services, though operating at a higher price point and broader geographic scope.
Emerging players
- EstateSales.net: Online directory and platform for estate sales and auctions connecting sellers with buyers regionally. Comparable to Auctions ASAP's estate services in the customer segment served, though operating as a marketplace rather than direct service provider.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Auctions Asap social profiles
Digital presenceAuctions Asap financial estimates
Financial estimateRevenue estimate
Valuation estimate
Auctions Asap leadership team
Management profileNumber of profiles
Auctions Asap funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Auctions Asap M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Auctions Asap
What does Auctions Asap do?
Auctions ASAP is a licensed Kentucky/Indiana auction company that conducts live onsite, online, and hybrid (simultaneous live and online) auctions to convert seller assets into cash. The firm serves individuals, families, companies, banks, attorneys, accountants, creditors, and trustees with specialized offerings in estate liquidation, business and industrial liquidation, residential and commercial real estate auctions, government surplus vehicles, and licensed firearms dealer services. A fixed-price Buy Now store supplements the auction channel for items the company has acquired or elected to sell without bidding.
Is Auctions Asap a public or private company?
Auctions Asap is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Auctions Asap founded?
Auctions Asap was founded in 2005. It employs 11 to 50 people.
Where is Auctions Asap based?
Auctions Asap is headquartered in Louisville, United States, in the North America region.
How does Auctions Asap make money?
Eight revenue lines are on record. Seller Commission is the primary driver. The others are buyer's Premium, real Estate Sales, estate Services, firearm Services, net Service Guarantee / Minimum Guarantee, buyout / Direct Purchase and appraisal Services.
Who are Auctions Asap's main competitors?
Broad incumbents on record are Proxibid, Bonhams and Copart. Direct peers are Rock Island Auction Company, Everything But The House (EBTH), GovDeals, Ritchie Bros. Auctioneers, Heritage Auctions and Concierge Auctions. EstateSales.net is listed as an emerging player.
Does Auctions Asap have an API?
No public API is recorded for Auctions Asap.
What industry is Auctions Asap in?
Auctions Asap's product category is Auction Services. Its primary akta.pro industry code is FSAEAJAL, Real Estate Auction Services, with a secondary code of BPAJAEAG, Bankruptcy, Probate & Estate Property Auctions. Its NAICS code is 53132.