Auctioneers: The source matters
We are bombarded with information every second of every day. It comes via the Internet, television, radio, newspapers available to …
Monthly Archives: December 2020
Can an auctioneer refuse cash?
Can an auctioneer prescribe the acceptable methods of payments for auction purchases? Can an auctioneer refuse to take cash? Should …
… until an auctioneer personally experiences
I had the distinct honor to have Fred Strahorn in a class I was teaching. I had not met him …
Can auction bidders be held to things they don’t read?
We have held that by registering for an auction — live and/or online — that such constitutes a contract. We …
No auction is “safe” from disaster
Sometimes the online auctioneers tell the live auctioneers that they don’t have to worry about rain, snow, high wind, traffic, …
Accepting partial payment
Auctioneers (and thus sellers) have bidders who register to bid, win the bid, but refuse to pay. It’s fairly common …
The White House and occupational licensing
On December 14, 2020, President Donald J. Trump issued an Executive Order on Increasing Economic and Geographic Mobility. The complete …
Bidding irregularities?
We have sold cars at auction for decades. More recently, those auctions have been online-only. It seems now we have …
What is “sufficient marketing” for an auction?
Auctions should be advertised (or marketed) sufficiently. As well, auctions should not be advertised insufficiently. So, what’s sufficiently? What’s insufficiently? …
Our reserve “rules” we make up
I think I’ve seen almost every rule an auctioneer has for having (and/or not disclosing) the reserve price — including …
When is an auction a particularly good decision?
We’ve told countless people that when a seller (owner) has “urgency,” “equity” and “reasonable expectations” that an auction is a …
Auctioneer’s favorite gavel?
Artnet News Senior Market Editor Eileen Kinsella published an article on December 3, 2020, titled “Going Once! 11 World-Class Auctioneers …
Auctioneers and fine print
As an expert witness in auction cases, I’m seeing more and more fine print — particularly in auction terms and …
Absolute with a minimum opening
We have written numerous times about without reserve (absolute) auctions coupled with minimum opening bids or minimum bid increments. Fortunately …
Conflict of interest and net listings
Auctioneers work primarily as agents and for clients (principals) in performing their duties. As such, they would owe loyalty to …
Opening an auction house
When I was attending auction school, we would go out at night to various local auction houses to practice our …
