Auctions, inflation, & deflation
Why does anyone attend (or otherwise place bids) at any auction? We have held for years, the likely reason (or …
Previous articles
Because it’s your policy?
Let’s see … what is an auctioneer’s job? To maximize price for our seller/client? To solve the seller/client’s problem? Indeed …
Buyers paying more (and more) of the costs
Buyer’s premiums continue to rise. In fact, I’ve heard for years that “nobody pays any attention to them” so why …
Appraisals, auctions, and seller bidding
Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or …
Bidders and tortious interference
For years, when we (and everyone else) only held live auctions, there were often one or two somewhat infamous bidders …
Berry v. The New Gainesville Livestock Auction
We were forwarded notice of the case of Byron Berry, Appellant v. The New Gainsville Livestock Auction, LLC, Appellee heard …
Is “highest and best” selling by auction?
In very high demand, low inventory real property markets (seller markets) often listing brokers will note that they will entertain …
Setting your auction bidder criteria
We’ve said auctioneers should treat all bidders the same — and they should. In that, we are suggesting you set …
We’re selling on multiple platforms
The auction begins and there are bidders on Platform X, other bidders on Platform Y, and yet other bidders on …
Deposit, Down payment, Earnest Money, Buyer’s Premiums, etc
We thought it might be a good time to define some terms auctioneers are using on a somewhat regular basis …
17 ways to avoid unnecessary risks
We’ve been writing and commenting regarding risk in the auction business on this platform since 2009. As a frequent auction …
Buyer buys, leaves, and now auction company owns it?
It seems I hear about this all the time? An auction takes place (online and/or live) and a buyer buys …
Auctioneers and secret profits
As I teach real estate law for Hondros College, we have discussed with students for many years — albeit briefly …
Buyer’s premiums charged, retained
Let’s see … Tracy hires an auctioneer to sell her family’s farm equipment and tools including tractors, tillage equipment, mowers, …
Buyer’s Premium in the contract
Auctioneers all over the United States charge a buyer’s premium (buyer’s fee or surcharge in Wisconsin) and many have such …
Alex Lyon case and the larger issue
We continue to hold that the Alex Lyon & Son, Sales Managers and Auctioneers, Inc. v. Leach, 844 S.E.2d 120 …
Don’t be the next auction test case
My friend Mike Hanley, Auctioneer wrote an inciteful analysis regarding the Alex Lyon & Son, Sales Managers and Auctioneers, Inc. …
Auctioneers Can? May? Should? Must?
Words auctioneers should be careful to discern. Can? May? Should? Must? As well, there’s Can’t, May not, Should not, and …
Before it’s sold or after it’s sold?
At an auction held by David Weisz Company (Weisz) on October 25, 1978, a certain metal rolling machine “Plate Rolls?” …
More auction licensing hypocrisy
Some states (maybe 13 or so) require auctioneers to take continuing education (CE) periodically. The balance of other states either …
Mike Brandly, Auctioneer Blog 