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"We're a family-run business," said Richard Ranft, chief auctioneer and president of the company. He and his wife Patricia have worked alongside each other for 25 years. Their staff of 14 full and part-time employees provides a full range of auction services for Beloit Auction and its sister company, Beloit Auction & Realty, Inc. Rich - who holds both his CAI and GPPA designations - also offers his professional appraisal services and works as a licensed Real Estate broker. "We sell Real Estate only at auction because it really works.