Real estate agents … auctioneers … and real estate auctioneers.
Auctioneers found this out years ago. The real estate community is just finding it out. What is remarkable, some of …
Category Archives: Auction School
Christie’s manifestly unreasonable terms and conditions
Christie’s is one of the world’s oldest and best known auction houses. They opened in London, England in 1766 and …
Coming in waaaaaay below the pre-auction estimate
We wrote in 2010 that (we thought) most auction houses in the United States post pre-auction estimates that are purposely …
Does the “buyer’s premium” show to the seller?
Our question today involves an auction where the auctioneer/seller is charging a buyer’s premium. For example, a lot sells for …
Lot 0 (Auction Information) confusion
There is a disturbing practice going on within online auctions where auctioneers are using “Lot 0” (or some other lot) …
Where is auctioneer CE needed? Everywhere …
In 2015 The Ohio State University (OSU) and I completed a study on auctioneer continuing education (CE) producing this document …
Simulcast auctions and the timing of bids
Earlier this year, I was asked by an attorney if I could tell — in a simulcast auction — which …
Auction terms versus auction descriptions …
I get a laugh sometimes when I review auction terms and conditions. I get an even bigger chuckle when I …
Pinhooking in the auction business
Pinhooking in general, and maybe “alley trading” if happening in real time such as right before they go in the …
Bilingual Auctioneers …
Thank you … or for some gracias (Spanish,) grazie (Italian,) danke (German,) Je vous remercie (French) … In fact, at …
Bidders, last good faith bids and recourse
We have written extensively on the UCC 2-328 and its many subtleties. In our topic today, we reference a treatise …
Auctioneer setting the bid in at the stated minimum?
A curious discussion took place at an auctioneer get-together about auctioneers setting the bid in — particularly at real estate …
The Auctioneer Triple Crown
Thoroughbred Racing has The Triple Crown which is made up of the Kentucky Derby, Preakness Stakes and Belmont Stakes races. Auctioneers have a similar Triple Crown in terms of auctioneer bid calling contests.
Although there are dozens of auctioneer bid calling contests in the United States each year, the three most well-known and prestigious are as follows:
Auctions where buyer won’t pay; seller won’t convey
As auctioneers, two distinct situations arise periodically in regard to property being sold: A bidder becomes the buyer and he …
Auctioneer handheld microphone danger
Erin Doherty Ward recently remarked about her concerns regarding an existing third-party microphone for an event. She has now secured …
Six auctioneer vocal cord myths
I think I might have heard it first in grade school, then high school, then auction school … “Milk tends …
Online-only auction platform goes down …
We have previously written about online auction bidding becoming unavailable: https://mikebrandlyauctioneer.wordpress.com/2017/02/06/online-bidding-goes-down/. Today, we explore if an online-only auction platform goes …
Sued because of auction sale price
We have written about auction-related lawsuits and associated sale prices before, where sellers were unhappy. Here’s one such article from …
Diversity in the auction business, NAA
In 2014, Google Senior Vice President Laszlo Bock wrote an article on Google’s diversity “issue:” https://googleblog.blogspot.com/2014/05/getting-to-work-on-diversity-at-google.html Bock noted in his …
But that other bidder was drunk
We have written before about bidders who are drugged or otherwise mentally impaired. Today, we explore the rights (if any) …
