Top Tier Auctions, LLC

What Top Tier Auctions, LLC does

Top Tier Auctions, LLC is a privately held Tennessee-based auction company headquartered at 224 S Lindell Street, Martin, Tennessee (License #6641), with operations concentrated in West Tennessee. The firm specializes in selling farmland, recreational properties, multi-generational family farms, estates, farm equipment, firearms, rare coins, classic automobiles, and antiques through four distinct auction formats: Live, Online, Simulcast, and Webcast. Its primary customers are agricultural landowners, farm operators, and estate executors seeking to liquidate high-value land, equipment, and personal property assets at market-clearing prices.

The company's product portfolio is built around an event-driven operating model and a specialized Multi-Par Auction Method that allows buyers to bid on individual tracts, combinations of tracts, or an entire farm as a whole — a procedure particularly suited to large West Tennessee land sales. The underlying technology stack is pragmatic rather than proprietary: HiBid powers 24/7 online bidding for digital auctions, Squarespace hosts marketing and auction listings, and YouTube carries informational films about auction formats and past sales. Distribution mixes direct on-site live events with hybrid simulcast and fully online webcast formats, each preceded by a strategic marketing campaign designed to attract qualified bidders.

Revenue is generated entirely through transaction-based fees rather than subscriptions: a buyer's premium on winning bids, a seller's premium on consigned items, firearm transfer fees ($15 per three firearms at live auctions plus background check charges), and shipping and handling ($25 handling per item plus actual shipping/insurance, with firearms shipping of $55 per pistol and $65 per long gun). The business is operated by a five-person team of licensed Principal Auctioneers led by owner Brent Croom — the 2017 Tennessee State Auctioneer Champion and a member of the Tennessee Auctioneer Commission Board — and co-owner/Principal Broker Alexander J. Bynum, the Past President of Tennessee Realtors. Closing and escrow services are delivered through an established partnership with Wendell Alexander Realty, while Whitledge, Moore and Johnson, PLLC handles title search work on the firm's behalf.

Name

Top Tier Auctions, LLC

Legal name

Top Tier Auctions, LLC

Website

https://toptierauctions.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Top Tier Auctions, LLC is a privately held West Tennessee auction firm that sells farmland, estates, firearms, farm equipment, and collectibles via live, online, simulcast, and webcast formats using a specialized Multi-Par method.

Ownership category

akta.pro rank

Product category

Auction Services

akta.pro industry

PRIMARYBPAJAEAD

Land & Farm/Ranch Real Estate Auctions

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Auction Services

SECONDARYBPAJAEAA

Residential Real Estate Auctions

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Auction Services

SECONDARYBPAJAEAG

Bankruptcy, Probate & Estate Property Auctions

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Auction Services

Keywords

• Real estate auctions
• Farmland auctions
• Estate liquidation
• Firearms auctions
• Farm equipment auctions

Headquarters

HQ city

Martin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Buyer's Premium: A buyer's premium is charged on winning bids. The premium rate varies by auction - some auctions include a buyer's premium while others may not. Additional fees may include taxes, handling fees, and third-party platform fees depending on bidding method.
2. Seller's Premium: Top Tier Auctions charges a seller's premium, which creates an interest in items being sold. They reserve the right to bid to protect that interest.
3. Firearm Transfer Fees: $15 charge per every 3 firearms purchased at live auctions. Additional charges for background checks and FFL transfers.
4. Shipping and Handling: Handling fee of $25 per item plus actual shipping and insurance costs. Firearm shipping: $55 per pistol, $65 for long guns plus insurance.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Top Tier Auctions is a West Tennessee auction company that conducts live, online, simulcast, and webcast auctions for farmland, recreational properties, multi-generational family farms, estates, firearms, rare coins, classic automobiles, antiques, and farm equipment. The firm provides end-to-end auction services including pre-sale marketing, professional auctioneering, and management of competitive bidding environments to maximize asset value for sellers.

Product overview

Top Tier Auctions is a traditional auction company offering multiple auction formats (Live, Online, Simulcast, and Webcast auctions) to sell land, estates, firearms, rare coins, classic automobiles, antiques, and farm equipment. Their core service is real estate auctions, particularly farmland and agricultural properties, using the Multi-Par Auction Method for large tracts. The company is owned and operated by agricultural professionals (Brent Croom owns Croom Dairy, Alexander Bynum owns Willow Stump Farms) who bring firsthand farming knowledge to the auction process.

Differentiator

Problem solved

Functional benefit

Products and services

• Live Auction
• Online Auction

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Wendell Alexander RealtycoreImplementation/ SI/ Consulting PartnerWendell Alexander Realty (License #223589) serves as the escrow and closing agent for auctions. They hold earnest money deposits in their non-interest escrow account and conduct the title search through Whitledge, Moore and Johnson, PLLC. This partnership provides title and closing services essential to auction transactions.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Whitetail Properties Real Estate: A large real estate brokerage specializing in hunting, farmland, and recreational land sales, often via auction. Comparable to Top Tier in serving rural landowners in the South/Midwest, though Whitetail operates across many more states.
• United Country Real Estate: A national real estate and auction franchise network with strong rural and lifestyle property coverage. Comparable to Top Tier in auctioning farms, estates, and rural property, but offers a national platform with franchise-affiliated agents.
• National Land Realty: A national land real estate brokerage representing buyers and sellers of farmland, timberland, and recreational properties, including auction sales. Comparable to Top Tier in targeting rural landowners across the Southeast, with a far broader geographic footprint.
• Hall and Hall: A nationally recognized land auction and real estate brokerage firm specializing in farms, ranches, and recreational properties. Comparable to Top Tier in land-auction focus but operates at a much larger national scale with significantly more agents and capital.

Regional players

• McLemore Auction Company: A regional auction company handling estates, farms, antiques, and personal property in the Southeast. Comparable to Top Tier in multi-category auction services and estate liquidation focus, though operating in a different sub-region.
• Bunch Auctions: A Tennessee-based auction firm conducting real estate, estate, and personal property auctions. Comparable to Top Tier as a regional Tennessee competitor with overlapping auction formats and estate/farmland services.
• DeWitt Auction Company: A Tennessee-area auction firm conducting real estate, farm, and estate sales. Comparable to Top Tier in serving agricultural and estate sellers with live and online auction formats in a similar Mid-South geography.

Others

• HiBid: An online auction platform that Top Tier uses to host online and simulcast auctions. Comparable as enabling infrastructure rather than a direct competitor, but reflects the broader online auction ecosystem shaping Top Tier's go-to-market.

Direct peers

• Murray Wise Associates: A national farmland auction and brokerage firm focused on the sale of agricultural properties via auction. Comparable to Top Tier in farmland auction specialization, with similar multi-tract / combination bidding methods for large farm sales.
• Schrader Real Estate and Auction Company: A Midwestern land and farm auction firm offering live and online auctions of farmland, estates, and equipment. Comparable to Top Tier in specializing in agricultural land and estate auctions with multi-format auction capabilities.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/top-tier-auctions-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Top Tier Auctions, LLC