An unconventional Rochester auction house is making a bid for growth in 2012 with a new home that almost doubles its space.
After seeing its sales spike by 100 percent this year over 2010, Krause Auctioneering is moving to the lower level of the Schmitt Music building at 1765 U.S. 52 North.
Ron Krause, auctioneer and co-owner, says this move will give his rapidly growing business about 3,000 square feet to receive, store, prepare and ship auction items. That's almost twice the 1,600 square feet in its existing spot at 497 37th St. N.E.
He expects to be calling auctions from the new location by Sunday.
A new home is not the only change at Krause Auctioneering. A new co-owner — Bob Klein of Rochester — has joined the operation as its chief financial officer, with Krause serving as CEO.
This is all follows a very successful year for the Rochester auction house that saw it tally a "hammer price" of about $293,000 in sales.
At this point, the staff was grown to 11. That's up from just two last year.
"Once we're settled in the new place, we hope to add more," Krause says.
While he has overseen auctions— in person and online — for years, It is a new hybrid of the two that is spurring the business boost.
Don't expect the traditional auction with a crowd seated in front of an auctioneer.
All of the auctions are online now, through the company's website www.krauseauctioneering.com.
However, there is a unique twist that sets Krause apart from eBay and other online auction sites. Many of the online auctions are "live," with Krause doing the traditional price calling to acknowledge and spur bids on camera as people all over the country and the world vie to buy an art sculpture, necklace, comic book or whatever.