I’d rather buy from Amazon than at auction; is it any wonder?
Essentially, any person on earth can buy from Amazon.com (or countless other online retailers.) Let’s see, what’s involved in such …
Tag Archives: Auction Law
Puffing or representing while bid calling
Kurt Bachman is a skilled attorney and auctioneer. We don’t always agree, but his recent article regarding “Does your chant …
Online platforms dictating what can/can’t be sold? Sure they are …
We were prompted to write an article concerning bibles and flags at auction in 2014 after a number of auctioneers …
Legal precedent in auction cases …
As I’ve recently quoted otherwise on this platform, “In common law legal systems, a precedent or authority is a legal …
Going, going, gone … at auction
Sotheby’s recently sold a framed image of a girl reaching out for a red, heart-shaped balloon for $1.4 million. Then …
“As-is” with absolutely no inspection opportunity
Today we explore an idea … let’s say we auctioneers start selling property “as-is” (caveat emptor) with absolutely no preview …
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 …
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 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 …
