The State of the United States Auction Market — 2018
The National Auctioneers Association engaged Morpace (now Escalent) to survey the auction industry about 10 years ago. As well, in …
Previous articles
Buyer’s premiums: awareness and effect
I have written about buyer’s premiums many times. Most recently, I suggested that bidders are becoming increasingly sensitive to the …
Guinness World [Auction] Record?
An auctioneer selling 1,023 lots in 12 hours is a world’s record? 85.25 lots per hour for 12 hours is …
Sellers and buyers just after (or during) the auction?
It’s a live auction — so things are being sold by sellers to buyers via an auctioneer who is taking …
Auctioneer membership isn’t important? We disagree …
Many auctioneers believe membership in auctioneer associations (state and national) is not beneficial and the costs far exceed the benefit …
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 …
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 …
Auctioneers … information versus affirmation
The first time I heard it was when Colin Cowherd said it. From September, 2017 the quote as I understand …
12 important considerations about auctioneer sound systems …
Auctioneers often ask about sound systems — which system, what components and certainly price. We have sold and serviced sound …
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, …
Competing in auctioneer contests
I showed livestock from the age of 9 until 18 at several county fairs and the Ohio State Fair. I …
First amendment lessons for auctioneers
As someone who’s published a blog for almost 10 years, we are especially attentive to our right to publish and …
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 …
