Opening an auction house
When I was attending auction school, we would go out at night to various local auction houses to practice our …
Category Archives: Auction School
Auctioneers not advertising certain places …
Auctioneers are charged with maximizing their client’s (seller’s) position — raise the most money, clean the warehouse completely out, minimize …
Should we let that bidder bid?
It’s a constant struggle — terrifically amplified in online auctions — to decide if we as an auctioneer (and seller) …
Auction buyer didn’t pay
All auctioneers probably have high bidders (buyers) who refuse to pay. What is an auctioneer to do? It appears the …
We’ve always done it this way … so what should we do?
We wrote in 2014 that many auctioneers have bad habits and are hesitant to change because they’ve always done it …
Bidders won’t bid past disclosed reserve?
Some auctioneers are telling me that if they disclose the reserve on a property, bidders won’t bid beyond the reserve. …
Nobody can shut down my auction business?
Auctioneers are generally hard-working individuals who enjoy a great deal of freedom. Other than licensing in some states and 254 …
Frivolous auction lawsuits
As a frequent auction expert witness, we’ve been privy to some others’ thoughts on suing auctioneers, sellers, and buyers which …
The “Prudential Rule” and “as is”
The Texas Supreme Court heard the case of “Prudential Insurance Co. of America v. Jefferson Associates, Ltd., 896 S.W.2d 156 (Tex. …
Auction bidders, buyers & sellers
Are you as an auctioneer growing weary of auction bidders? They bid and then get outbid and cry foul. They …
“Most sellers” & reserve prices
I read that “most sellers” are not going to stick to a reserve price — in other words, a seller …
If you are the smartest (auctioneer) in the room …
We’re not sure who originally said it, but it’s good advice. “If you are the smartest person in the room, …
Auctioneers, antiques, & millennials
Why do many millennials not care for antiques? For instance, it’s hard to find a millennial (born from 1980 to …
Practicing our auctioneer craft …
There’s nothing quite like bid calling in front of a nice crowd. Nothing quite matches watching people respond to my …
Some auctioneers don’t talk fast
Ask almost anyone — and they’ll tell you that auctioneers, “talk fast.” However, some auctioneers don’t talk fast. Why is …
What page should that be on?
It’s interesting to me that terms and conditions — particularly for real property auctions — keep getting longer and longer. …
Unless the circumstances indicate otherwise
Auctioneers can disclaim warranties for fitness and merchantability regarding property they are putting up for auction … typically by using …
Possible liability for nondisclosure
Some states and some courts have adopted the Restatement (Second) of Torts § 551 (1965) and as such § 551. …
Threatening to sue …?
People threaten to sue all the time. In the auction business — and much less frequently — people threaten to …
Can you be a part-time auctioneer?
Can you be a part-time auctioneer? Many auctioneers are part-time and many are full-time. Can a seller hire a part-time …
