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 …
Tag Archives: Auction Law
Christie’s spirit of disclosure
Every auctioneer in the United States — and anywhere else for that matter — could learn something from Christie’s. Here …
The opening bid incentive
What is an “opening bid incentive?” Essentially, this is a rebate paid to the buyer based upon a percentage of …
Bidder is registered but we won’t take his bid?
We have discussed auction registration and the “right” to bid more than once — for instance here: https://mikebrandlyauctioneer.wordpress.com/2016/06/28/does-a-bid-number-grant-the-right-to-bid/. Today’s topic …
Online auction providers and those late to the game
In the early 2000’s an online auction company is born with the [apparent] goal of connecting auctioneers and sellers with …
Is it fraudulent inducement or not?
We have written extensively about fraudulent inducement in regard to seller bidding at auction, notably here: https://mikebrandlyauctioneer.wordpress.com/2018/06/21/that-other-bidder-and-fraudulent-inducement/. Most materially, we …
Setting the bid in …
We had previously written about auctioneers “setting the bid in” where they bid first and then ask for a higher …
Farmers stand together so 80 acre farm goes for one bid?
We previously wrote about this story here: https://mikebrandlyauctioneer.wordpress.com/2018/08/29/one-bid-and-200-other-bidders-stand-in-silence/. In that treatise, we suggested that this could be a fake story …
When can the seller bid without recourse?
Auctioneers around the United States have held since the forming of this country that at auction, the seller can bid …
Auctioneer licensing and auction lawsuits
I was standing in Indianapolis in October, 2015 in front of the Indiana Governor’s Jobs Creation Committee (JCC) presenting the …
Auctioneers poaching auctioneers
So I suppose the terms here might actually be “poacher” and “poachee?” In other words, the poacher poaches the poachee? …
$7.5 Million in storage unit auction?
Yes, that’s our question … was there really $7.5 Millon in a storage unit? In a safe in a storage …
Should I post that on Facebook — or anywhere?
We have written more than once regarding auctioneers posting on Facebook and elsewhere — where other people can see such. …
Intent: Direct and circumstantial evidence in auction cases
We have used the word, “intent” many times over the years including most notably the “genuine intent to transfer to …
Auction super precedents
A somewhat celebrated attorney called me the other day regarding some pending auction litigation … her issue was basically disingenuous …
Are we making buying at auction easier or more difficult?
It’s always been difficult — to some extent — to buy things. However today, buyers must have the money, search …
Death of a salesman?
Death of a Salesman is a 1949 play written by American playwright Arthur Miller. It concerns an over-the-hill salesman facing …
Bad auction bidder and we do what?
Sometimes auction bidders (mostly personal property) bid and then don’t pay. Some auctioneers apparently pay their seller minus commissions and …
“Professional” auctioneers shouldn’t be trusted? Really?
Are you a “professional” auctioneer? One who makes a living as an auctioneer? That would be a common definition, but …
Where is auction collusion more prevalent?
First, what is “collusion?” A somewhat common definition goes something like this … “a secret agreement or cooperation especially for …
