If I may ...
well, Ive known Larry and Kay for many years...I used to work there for quick cash on Friday nites.... anyway, it became more of a social event than a business, so, they went online only.... its for sale, plus the 8 acres behind it....
From what I've heard, Larry ruined it himself by being arrogant and condescending to bidders and preaching from the auction block, so to speak, chastising folks. People had enough of him. And the business suffered. And consignors started to hate having to deal with his ever increasing demands and increasing consigning fees.
As far as being a social event. Of course they, auctions, are social events. That's what makes them, in part, successful. Look at how successful Rodney Thompson was in St Mary's County. He was an excellent auctioneer, drew a large crowd, and treated people with respect. As does Ron Farrell at his auctions. Larry Forman, and his wife, Kay, pretend/ed to care, and, charged, and apparently, continue to charge too much for their "service". Most people would be better off having a yard sale selling their stuff than consigning to, middleman Larry.
Anyway, Chesapeake Auction is not an auction house anymore. Without live auctions, can it really be called an auction?