The absolute best auction headline … sold
A 1,000-year-old Chinese bowl sold for $2,225,000 at Sotheby’s. This bowl had previously been purchased at a yard sale for …
Previous articles
Auctioneers and their new fake news strategies
Auctioneers post an immense amount of fake news on Facebook and other social media sites. Yes, “immense” is the word …
The absolute worst auction headline … unsold
A rare 18th-century coin — a 1794 Flowing Hair Silver Dollar — expected to sell at auction for over 10 …
Auctioneers and deception
Deception is generally held as an act or statement which misleads. It might involve propaganda, distraction, camouflage, or concealment. Most …
Auctioneers and selective skepticism
We’ve written before about fake and other clearly unsubstantiated memes, posts, and stories being shared on social media by auctioneers. …
Providing as much information as possible?
Do auctions work better when sellers provide as much information as possible about what they are selling? Two American economists …
High bids in excess of market value
A couple is retiring and moving from Vermont to Florida. They are selling their Vermont waterfront home at auction. They …
The winner’s curse
At an auction, who wins? The highest bidder, who outbids everyone else. Let’s ask another question … who loses? Maybe …
Auctions during Coronavirus
Auctions are indeed continuing during the Coronavirus (COVID-19) pandemic. Cases across the United States tended to wain during the summer …
Auctions & the Nobel Prize
Stanford University economists Paul Milgrom and Robert Wilson won the Nobel Prize for work improving auction theory and inventing new …
The auctioneer “double standard”
Are women and men auctioneers treated differently? Do we as a society expect different things from women and men auctioneers? …
Auctioneers and facts
If I’ve learned one thing as I’ve grown older — some people (including some auctioneers) tend to believe (or not) …
Disputed, missed, late, and tie bids?
Auctioneers spend a bunch of time worrying about things they shouldn’t spend any time worrying about. Namely disputed, missed, late, …
You’re not marketing your auction
We’ve held that actually auctioneers only need “alpha” and “beta” (the highest possible bidder and the next highest possible bidder) …
Terms, conditions & fairness
You have to listen carefully … as in some cases you’re being lied to. Can auctioneers treat bidders differently — …
Did the “best” auctioneer get the job?
Auctioneers compete for jobs — contracts if you will — in order to sell cars, livestock, estates, real estate, etc. …
The NAA: The Auction Advocate
The National Auctioneers Association (NAA) has launched a podcast (first appearing yesterday, September 28, 2020) — https://auctionadvocate.buzzsprout.com/. On the podcast, NAA notes the following: …
Escalation clauses and auctions
In so-called “hot” real estate markets (seller markets,) often sellers are presented with multiple offers soon after listing. In such …
Ask an auctioneer if it’s trash or treasure
There may be no better person to talk to if you are trying to discern if this “thing” is trash …
How To Buy A House At Auction … not really.
How would you go about buying a house at an auction? First step? Don’t read this article, and if you …
