Auctions in the United States are, by default, with reserve, meaning that the seller may accept or reject the highest bid received, and/or place a reserve amount (a minimum amount) on their item(s) dictating the auctioneer not sell them for any less. Yet, some auctioneers sell items for less than these reserve amounts. How can this happen?
What are the material issues with an auctioneer’s opening remarks? When are they to be commenced? Can they contradict printed advertising?
If something is left behind at an auction, can someone else just “have it?” What happens to unsold personal property? What happens to sold personal property that is abandoned?
Auctioneers should always use a microphone when bid calling. Today, wireless systems are available which allow usage over wide areas.
Can the auction bidder waive rights granted under state law? We further this study of waiver of rights granted under state law with, “Can the auction bidder waive rights granted under state law,” in this regard: Let’s say that person attends an auction with the intent to register and bid on a few items. The auctioneer’s staff informs the prospective bidder he must sign and agree to the terms, including that if he bids, and the auctioneer accepts his bid, he may not retract his bid under any circumstances.
Can the auction seller waive rights granted under state law?
Who are the 3 essential auction staff, besides the auctioneer? What do these three auction staff do?
Do auctioneers sell only material goods, and/or experiences? Van Boven & Gilovich suggest the experience has an increased value to the customer.
Can auctioneers treat bidders differently? Can an auctioneer give any bidder an unfair advantage? Can an auctioneer treat one bidder to restrict their bidding (an inequitable disadvantage)?
What does the word auc·tion·eer mean?
Where is the oldest auction house? Where is that oldest auction house located?
How does auctioneer licensing work in Michigan? Unlike any other state.