An example: Bill wants to sell his 1963 Pontiac Tempest at auction. Bill is a bit apprehensive about selling his prized car at auction, but nonetheless wants to go ahead with the auction. The auctioneer suggests to Bill that he can arrange for a “stalking horse” offer of, say, $10,000 to serve as a minimum bid.
We highlight here that the proceed instructions say, may proceed, and not must proceed. We believe this answers the question, “Must auctioneer sell him that gun?” in light of a proceed.
I’m teaching a CE class for a group of auctioneers, when one auctioneer asks me if I’ve heard of “Third bid buys” auctions? I had to ask that she repeat the question, as I wasn’t sure I had heard it correctly. So, she repeated, “Have you ever heard of ‘Third bid buys’ auctions?”
Yet, most of these same states which license auctioneers exempt charity or other such organizations from the license requirement — therefore allowing anyone to act as the auctioneer for their fund raising events.
In a conversation with a long-time customer of ours the other day, he reminded me that absentee bidding was once as much a controversial issue as online bidding is now at live auctions.
He said, “There were people, including me, that said we would just go to some other auction where we didn’t have to bid against people who weren’t there.” He added that absentee bidding at some live auctions appears to be just another way for the auctioneer to run the bid or mistreat those absentee bidders.
The typical auctioneer uses bid calling to publicize to all bidders two basic numbers: the amount that is currently bid (known as the “have”) and the higher bid the auctioneer would like to accept (known as the “want”). In between these two numbers, the auctioneer uses filler words or sounds to make the bid calling sound pleasing, and entertaining to the crowd.
A seller sends items (or drops off items) to an auction house, and then the auction house informs the seller that their items have been lost, or broken, or stolen, or come up missing …
Auctioneers who sell at live auctions must be conscious of caring for their voices. For many, their voice is their “signature” sound and/or their brand.
Recently, I was asked, “Can an auctioneer auction his own property?” The answer seemed clear enough, and I responded, “Sure, it happens all the time.”