Since 1986 Bjørn á Heygum has been the public auctioneer in the main police districts in the Faroes.

As such he has the exclusive right of organizing all compulsory sales and socalled voluntary auctions of personal property.
Creditors who have a security or have levied executions for debt against movable properties ask for a compulsory sale. Private people who own something they would like to sell are free to ask to have such effects sold at a voluntary auction. In such cases a minimum sales price is often fixed.

On average about 2-3 auctions take place in a year. The effects which are to be sold at an auction are normally gathered throughout the year in order to be able to sell greater quantities each time an auction is announced.

The normal procedure is to fix a minimum price and a minimum higher bid in order to speed up the bid.

The effects are sold to the highest bidder after three open outcries and everything is included in the price, such as V.A.T. and auction costs.

When effects are sold at an auction there is no guarantee for flaws and defects in the sold effects.