Our Team
William J. Summs, Sr., C.A.I., AARE, GPPA, CES, BAS, ATS
William J. Summs, Sr., President and CEO of Atlantic Asset Management Group, Inc., is an aggressive, experienced professional in the auction, appraisal and liquidation business. Mr. Summs has vested himself in the auction/appraisal industry and has successfully completed the highest level of the auction industries designation at the Certified Auctioneer Institute (CAI).
Since 1979, Mr. Summs has produced, orchestrated and conducted various types of asset recovery auctions and appraisals throughout Virginia. His activities have placed heavy emphasis on accelerated marketing events, working closely with private sellers, secured creditors, federal and state trustees and has established himself as an expert in auction remarketing and asset appraisals by the United States Bankruptcy Court, FDIC, United States Marshal service, Drug Enforcement Agency, Homeland Security and the Internal Revenue Service. In addition, Mr. Summs is a Benefit Auctioneer and Specialist, providing services and consultation to numerous charitable organizations and benefit galas throughout the Hampton Roads area.
Mr. Summs is a licensed auctioneer (VA-619, NC-10035, TN-6009), independent automobile principal dealer (VA #6485) and a licensed yacht broker (VA #S04844) in the State of Virginia. Mr. Summs successfully managed and operated a full service Vehicle Heavy Hauling, Private Property/Municipal Vehicle Towing, Recovery & Storage/Public Auto Auction from 1979 to 1998.
Mr. Summs has experience in Auctions and Appraisals of the following:
- Personal Property/Artwork
- Estate Assets
- Vehicles/Heavy Equipment
- Retail Inventories and Equipment
- Retail Store Fixtures and Restaurant Equipment
- Computer and Peripheral Equipment
- Boats, Yachts and Aircraft
- Heavy and Light Duty Trucks and Trailers
- Bankruptcies (Ch. 7 and 11)
- Patents and Copywriter
- Office Furniture and Equipment
- Electronic Equipment
Mr. Summs has served special asset officers of the following:
- SunTrust Bank
- Branch Banking & Trust (BB&T)
- Wells Fargo Bank
- Xenith Bank
- Towne Bank
- Southern Bank & Trust
- Old Point National Bank
- Banco Popular
- Bank of America
- General Motors Acceptance Corp.
- General Electric Credit Corp.
- Deutsche Bank
Mr. Summs is a member of the following Associations:
- National Auctioneers Association
- The Virginia Auctioneers Association
- The North Carolina Auctioneers Association
- The Florida Auctioneers Association
- The Virginia Independent Automobile Dealers Association
- The Hampton Roads Chamber of Commerce
- The Hampton Roads Commercial Real Estate Association
- National Independent Automobile Dealer Association
- Tennessee Auctioneers Association
Mr. Summs has completed the following National Certifications:
- Graduate Personal Property Appraiser (GPPA)
- Accredited Auctioneer Real Estate (AARE)
- Certified Estate Specialist (CES)
- Benefit Auction & Specialist (BAS)
- Certified Auctioneer Institute (CAI
- Auction Technology Specialist (ATS)
