Auction buyers are increasingly buyer premium sensitive
The buyer’s premium was introduced in the United States in 1977. Since then, auctioneers have increasingly used the buyer’s premium …
Category Archives: Contract law
How competent must auctioneers be?
I am frequently asked as an expert witness how competent an auctioneer (or auctioneers in general) must be. Competency in …
When to disclose the reserve and when not to …
Some auctioneers routinely disclose the minimum bid (reserve) of property they are putting up for auction, and some auctioneers never …
Here’s what you bought — not what we pictured
See where that trash can is? See the strip of grass that runs between these two driveways? That’s what a …
Auctioneers and the statute of limitations
Auctioneers sometimes sue sellers and even bidders/buyers. Sellers, bidders and buyers sometimes sue auctioneers. Our topic today is how old …
Is the minimum bid really the minimum bid?
What does this sign say? It says the minimum speed is 40 miles per hour. So, what if you are …
Auctions: Changing ages and tastes? Indeed
It’s news all over the world and easily found on the Internet … changing buyer tastes in personal (and real) …
Christie’s spirit of disclosure
Every auctioneer in the United States — and anywhere else for that matter — could learn something from Christie’s. Here …
Attention auctioneers: it’s worth this and for sale for that?
Busy auctioneers typically acquire a keen sense of value — what stuff is worth. So if you’re advertising to auctioneers, …
Cheaper, faster or better?
We’ve probably all heard that we can only pick two of the three: cheaper, faster or better. As auctioneers, many …
The opening bid incentive
What is an “opening bid incentive?” Essentially, this is a rebate paid to the buyer based upon a percentage of …
Bidder is registered but we won’t take his bid?
We have discussed auction registration and the “right” to bid more than once — for instance here: https://mikebrandlyauctioneer.wordpress.com/2016/06/28/does-a-bid-number-grant-the-right-to-bid/. Today’s topic …
Online auction providers and those late to the game
In the early 2000’s an online auction company is born with the [apparent] goal of connecting auctioneers and sellers with …
Is it fraudulent inducement or not?
We have written extensively about fraudulent inducement in regard to seller bidding at auction, notably here: https://mikebrandlyauctioneer.wordpress.com/2018/06/21/that-other-bidder-and-fraudulent-inducement/. Most materially, we …
Setting the bid in …
We had previously written about auctioneers “setting the bid in” where they bid first and then ask for a higher …
Farmers stand together so 80 acre farm goes for one bid?
We previously wrote about this story here: https://mikebrandlyauctioneer.wordpress.com/2018/08/29/one-bid-and-200-other-bidders-stand-in-silence/. In that treatise, we suggested that this could be a fake story …
We have a big mailing list and a large database of bidders …
Put your auction on our platform as, “We have a big mailing list and a large database of bidders …” …
… it doesn’t sell so we put it on eBay?
Yes, this is what I think I was reading. An online auction platform will integrate with eBay so that “… …
Auctioneers holding that microphone
I have had the honor to be asked to judge dozens of auctioneer contests around the United States. Additionally, we …
When can the seller bid without recourse?
Auctioneers around the United States have held since the forming of this country that at auction, the seller can bid …
