Make an auction offer irrevocable … accept it.
We hear it all the time: At auction … “How can we bind the bidder without binding the seller?” or …
Previous articles
The highest price … or the highest offer?
Dr. Yin Yao was the foremost collector of ink and wash paintings of the Song Dynasty. One such example came …
Asking/requiring a bidder to leave the auction
A bidder is jawing, talking about other auctions to distract bidders or is otherwise causing a commotion at your auction? …
Auction events are often not perfect …
We have been in the auction business 37 years. We’ve run an auction house conducting weekly auctions for 19 years. …
Using a POA to circumvent auction licensing
It’s usually that so-called “out-of-town” (out of state) auctioneer who doesn’t have an auctioneer’s license in that state, conducting an …
Auctioneers and standard form contracts
Many auctioneers get supplies (bid cards, settlement sheets, signs, for example) from various companies including N.A.S.H (National Auction Supply House), …
Can counterfeits, replicas, knockoffs … sell at auction?
Almost everything in the world sells at auction; auctioneers sell almost everything — that is almost … Today, we look …
UCC 2-328 allows reopen if other bidder is upset?
Generally, I pick topics to write about given circumstances of which I’m aware or research. Other mornings, I have emails, …
The opportunity to bid a certain amount?
Fairness … equity … reasonableness … talk about those concepts and you’ve got my attention. Let’s say an auction bidder …
Simulcast auctions … how they work and how they don’t
Online-only auctions are different that simulcast auctions. In an online-only auction, most keep the “highest maximum bidder” as the high …
One bid and 200 other bidders stand in silence?
A farmer wanted his farm “back” and attended an auction of such farm … bid once, and everyone else stood …
Higher bids “placed” online
The situation was exactly this — an online bidder placed (submitted) a maximum bid of $750 for an item up …
Auctioneers are asked, “What do you charge?”
Auctioneers are indeed asked all the time … “What do you charge?” The answer to that question is nearly always: …
Can an auctioneer association discipline a member?
The Fabrics Quilt Club has met every month since 1973. The members talk quilting, quilt together, bring in quilting speakers …
Auctioneers donating their time to 501(c)(3)
I’ve conducted hundreds of auctions for nonprofit [501(c)(3)] organizations. For the most part, we have charged a fee for those …
Ohio Auctioneers & Trust Accounts
We have written before about the prudence of every auctioneer having a trust (also known as an “escrow”) account for …
Auctioneers, Facebook, Censorship and [Fake] News …
On Thursday, July 26, 2018 Facebook‘s stock plunged 19% losing about $119 billion in market value constituting the biggest single-day …
Auctioneers, the IRS and appraisals
Many auctioneers including myself complete personal property appraisals for IRS charitable contributions. New rules were just adopted July 30, 2018 …
Representing (or misrepresenting) auction bidders …
I have not once said that bidders need to be identified when bidding. I have noted that California has passed …
Helping auctioneers or the auction industry?
Recently there was some interesting — and quite frankly hurtful — comments made about my expert witness work. To be …
