Curious auction terms & conditions
Many auctioneers (and sellers) sell property without reserve (absolute) in order to increase the number of bidders and associated prices. …
Monthly Archives: January 2020
What online auctions could have become
Live auctions have been around for over 2,000 years … so what could be better? Oh my gosh, we have …
Marbury v. Madison and firearms
Suddenly, I’m hearing a bunch of auctioneers talking about the 1803 Supreme Court case: Marbury v. Madison, 5 U.S. (1 …
Why buy at auction?
You need (or want) a car, firearm, toolbox, or some comic books … so our question today is, “Why buy …
Why sell at auction?
You may need (or want) to sell your car, firearm, toolbox, or some comic books … so our question today …
Are auctioneers who charge more better?
Auctioneer Bob charges 20% commission and Auctioneer Dave charges 30%. Our question involves if all else is equal, can one …
Is it an auction or an auction?
Laws and regulations around the United States are not in unison. Most laws use the word “auction” meaning an auction …
Bad weather draws crowds?
There’s somewhat of an old saying in the auction business: “The worse the weather, the bigger the crowds …” The …
Auction buyer wants to remain anonymous
“Sold! [for $] to buyer number 973 (who is holding her bid card up high in the air)” … everyone …
Auctioneers not producing records
Many auctioneers licensed by the state in which they operate are required to maintain records (contracts, advertising, settlement statements, etc.) …
Banning your (or their) past bidder?
Auctioneers sometimes ban bidders — prohibiting them from participating in subsequent auctions. As well, sometimes auctioneers use ratings to decide …
Maybe auctioneers shouldn’t lie … at all?
At auction, sellers or those acting on behalf of the seller can make (place/offer) bids to the auctioneer. Does current …
Could an auctioneer make a market?
Our question today is … could an auctioneer sell so much of one type of property that his sales are …
1965 Chevrolet Impala sells at auction … again
There was a somewhat curious auction and follow-up auction of the same car — first in 2013 and then again …
Customary practice, industry standards and commercial reasonableness …
My phone rings — or I’m otherwise contacted — almost every day from either a seller, bidder/buyer, auctioneer and/or attorney. …
Give yourself a raise?
We have previously written and talked about promoting oneself as an auctioneer. The typical conversation centers on selling the low …
Dating a firearm … and is it important?
Frequently auctioneers ask, “When was any certain firearm manufactured?” or “What is the age of this firearm?” This can be …
Is there any way to predict and prevent shill bidding?
We wondered if there has been any research on shill bidding. There’s been lots. In fact, search the Internet for …
United States v. Weisbrod, 202 F.2d 629 (7th Cir. 1953)
Today, we look at details from a somewhat less famous auction case known as United States v. Weisbrod, 202 F.2d …
Is all auction advertising good news?
I look at many auction advertisements almost every day. For example, I’ll see a car advertised for auction with a …
