Auctioneering Solutions: Reinventing Yourself in Your 50s – It’s Never Too Late With Teresa Long

By Ashley  Published On February 6, 2024

Some career options are more unique than others. My guest today is Teresa Long, a licensed auctioneer and owner of Long Auction Company. She is here to share her story of how she and her husband, Wayne, developed a love for antiques and auctions, which eventually led them to start a new career and business after years of working in the public sector. Teresa is one of the few licensed female auctioneers in Madison County. 

Continuing education is a big part of the auctioneer process whether it’s learning about estate sales or marketing. Teresa thought it was foolish of her to pursue education in her 50s to start a new career. Now she feels that everyday is a learning experience. She makes every day the best she can. There’s no better way to support their husband and wife business opportunity than to be 100% in. This is a wonderful story of success and how it’s never too late to create your own path.

Episode Highlights: 

[00:56] Teresa and her husband Wayne were married in 1985. They enjoyed antiques and auctions. They both had public jobs. Wayne worked for the city and Teresa worked at Eastern Kentucky University for 20 years. Later she worked for the County Government.

[01:24] Wayne always wanted to be an auctioneer. While still working he received his auctioneer license. In 2011, Long Auction was established. 

[02:46] Teresa shares how she attended the meetings with her husband and became an apprentice. She had to have 80 hours of work at an auction school. 

[03:26] She eventually took the state exam to become a principal auctioneer. Her sister also completed her principal license. Her sister, Jackie Tate-Stewart also works at Long Auction Company. 

[04:06] They’re always continuing their education to provide better service.

[05:43] The auction business took off more than they had anticipated. At the time, they were juggling three jobs of public work, the auction business and farming.

[06:30] They are problem solvers and mostly focus on estates. They help clients navigate the estate and turn assets Into cash.

[07:47] They are an online auction facility that helps families liquidate their assets.

[09:58] They have an in-house opportunity to sell the belongings of the home, or they relocate them to their facility.

[12:09] Teresa shares some of the interesting collections that she’s sold. 

[18:18] The auctions usually run from 8 to 12 days.

[21:02] Teresa talks about the charitable portion of the Long Auction Company. This year they support Sleep In Heavenly Peace, a non-profit that provides beds to children who don’t have beds. 

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