What are the 3 types of contracts auctioneers work with throughout their careers? Which ones are oral, and which ones must be in writing, if any? weird
The District of Columbia allows a bell to be rung once a day, to promote an upcoming auction. The bell may not be over 6″ wide, nor 5″ long, and we wonder …
Why does Indiana mandate auction contracts, presumably to protect the public and licensees, but not require a contract be in place for consignments to auction houses?
In Pennsylvania, auctioneers cannot bid at their own auctions. Why?
Is attending an auction school prudent for someone wishing to become an auctioneer? We think it could be the single most important investment they can make.
Is Auctioneer licensing good or bad? Many feel it is a very good thing, while others feel it is completely unnecessary.
Should eBay sellers be required to be licensed? Should anyone selling online be required to be licensed? What criteria is suitable for such discussions?
What is a buyer’s premium? How does it affect bidding? How does it affect attendance? Who does the buyer’s premium belong to?
What is something worth? Is is worth something because someone else agrees it is worth a certain amount, or is it worth something in itself?
The National Auctioneers Association has raised approximately $4 million for St. Jude Children’s Research Hospital since 1995. Their newest fundraising campaign is the St. Jude Auction for Hope.
Do auctioneers need to keep the bid between two bidders? Should they keep the bid between two bidders? What method enhances prices, and what do buyers expect?
Want people at your auction? Empower them to purchase at their price, and they’ll be there.
Are all auctions “as-is” and “where-is?” Not really, as clear title, descriptions, inspections, and lack of fraud all play a part.
What happens when a bidder retracts his bid? Does the prior bid become the high bid? Not unless that prior bidder wishes it to be the case, as there is no revival at an auction.
Is there such a thing as a “tie bid” at an auction? Despite hearing this type of statement made by auctioneers, tie bids actually don’t exist.
Can the high bidder retract his bid before the auctioneer announces “Sold!?” Yes.
Join the National Auctioneers Association. Great way for auctioneers to learn more about the auction industry.
When do we have a contract? What elements are essential to have a valid contract? Not complex, but important to every auctioneer.