Hiring an auctioneer — is it price or value?
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Number of bidders, competition, intensity, willingness … to bid?
Ask almost any auctioneer and he or she will tell you that with more bidders the price goes up. We …
Is it simply “as-is” with inspection and/or a “return policy?”
There may not be one single auctioneer not familiar with selling property “as-is” and “where-is.” There may be only a …
Auction super precedents
A somewhat celebrated attorney called me the other day regarding some pending auction litigation … her issue was basically disingenuous …
Auctions and the chances of Alpha and Beta, etc.
In 2010 we introduced our formulas for the chances of one item at auction attracting the “most interested bidder” (Alpha) …
Are we making buying at auction easier or more difficult?
It’s always been difficult — to some extent — to buy things. However today, buyers must have the money, search …
Death of a salesman?
Death of a Salesman is a 1949 play written by American playwright Arthur Miller. It concerns an over-the-hill salesman facing …
Bad auction bidder and we do what?
Sometimes auction bidders (mostly personal property) bid and then don’t pay. Some auctioneers apparently pay their seller minus commissions and …
“Professional” auctioneers shouldn’t be trusted? Really?
Are you a “professional” auctioneer? One who makes a living as an auctioneer? That would be a common definition, but …
Where is auction collusion more prevalent?
First, what is “collusion?” A somewhat common definition goes something like this … “a secret agreement or cooperation especially for …
Online auctions making the seller more, or the auctioneer more?
The question today regards if an online auction is actually making the seller more — or the auctioneer more. Of …
Auctioneers, Alpha and Beta and more …
In 2010, we modeled a formula for finding the odds of the most interested bidder (Alpha) and the second most …
Bidder asks “Who is the other bidder?”
Auctions involve bidders. One bidder bids $500,000 and another bids $525,000 and so forth until a high bidder is deemed …
What is a flash [auction] sale?
I received the email, as I suspect you did. Real property being offered in a flash sale — auction. What …
What the lack of auctioneer licensing causes …
We recently wrote that there appears to be a trend to eliminate some occupational (including auctioneers) licensing across the United …
An auction that is both with AND without reserve?
There are times that I think maybe overnight I was secretly transported to another planet. I wake up and on …
Puffing and bids in bad faith
We were discussing a case with an attorney regarding the last two (2) sentences of the UCC 2-328 [basically section …
Bids per lot? Number of bidders placing bids?
I tried to pay attention at our last auction regarding “Bids per lot” and “Number of bidders placing bids” for …
The $1,300,000 or $1,510,000 bull
I had no more than walked off my plane and turned on my phone when the voice and text messages …
Auctioneers and “the” law versus “that” law
Our subject today is law. Law is discussed all over the world every minute of every day by lawyers …
