The faster you sell them …
Recently, an article appeared regarding the speed in which livestock is sold — the theory stated was essentially, “The faster …
Monthly Archives: March 2011
With reserve auction choices
We wrote about there only being two (2) types of auctions some time ago. Auctions are distinctly one of two …
Why is auction case law important?
I teach a class for auctioneers somewhat regularly on auction case law. The question I sometimes hear is, “Why is …
The hammer price
Auctioneers for centuries have had no need to say, “hammer price,” as the price paid at auction has always been …
Unjust enrichment at auction?
It seems every so often a story makes the news such as this: The buyer found over $40,000 in $100 …
Is the buyer’s premium a service fee?
I’ve noticed this question being asked frequently on auctioneer discussion forums, in classrooms, and in the hallways after classrooms — …
Market gobbledygook
There is a long-standing tradition of auctioneers teasing the public that they will get a deal at their auction. In …
Contagion encourages auction purchases
One definition for the word, “contagion” is: the ready transmission or spread as of an idea or emotion from person …
Guarantee & Split Auctions
We recently wrote about how auctioneers are paid. Now we wish to explore yet another method of an auctioneer working …
How are auctioneers paid?
I’ve heard this question 100′s of times in auction school, and otherwise when I speak to virtually anyone about my …
Can friends commit bid rigging?
I noted somewhere recently that bid rigging is an illegal act between competitors, but not friends. In other words, two …
