Could an auctioneer make a market?
Our question today is … could an auctioneer sell so much of one type of property that his sales are …
Tag Archives: client
1965 Chevrolet Impala sells at auction … again
There was a somewhat curious auction and follow-up auction of the same car — first in 2013 and then again …
Customary practice, industry standards and commercial reasonableness …
My phone rings — or I’m otherwise contacted — almost every day from either a seller, bidder/buyer, auctioneer and/or attorney. …
Give yourself a raise?
We have previously written and talked about promoting oneself as an auctioneer. The typical conversation centers on selling the low …
United States v. Weisbrod, 202 F.2d 629 (7th Cir. 1953)
Today, we look at details from a somewhat less famous auction case known as United States v. Weisbrod, 202 F.2d …
“Sold!” shouldn’t be a lie
Here’s the problem. The law allows (but does not require) auctioneers to lie. We can indeed say, “Sold!” (in certain …
The costs and benefits of reopening or not reopening the bid
I think it’s often not seeing the forest for the trees? Yes, auctioneers can reopen the bid (in very specific …
Auctioneers and misinformation …
There is more and more information on the Internet … every day the number of users increases and the data …
The opening bid incentive
What is an “opening bid incentive?” Essentially, this is a rebate paid to the buyer based upon a percentage of …
Are online auctions going away? Probably …
This is a picture from The Ladies’ home journal (1948.) It could be any number of thousands of ads on …
$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 …
Number of bidders, competition, intensity, willingness … to bid?
Ask almost any auctioneer and he or she will tell you that with more bidders the price goes up. We …
Online auctions making the seller more, or the auctioneer more?
The question today regards if an online auction is actually making the seller more — or the auctioneer more. Of …
Auctioneers, Alpha and Beta and more …
In 2010, we modeled a formula for finding the odds of the most interested bidder (Alpha) and the second most …
Auctioneers and confidence
I’ve heard it many times in my career — confidence is an auctioneer’s stock-in-trade, confidence is an auctioneer’s most valuable …
What’s faster? Live auction or online auction?
I think this is a simple question: What’s faster — a live auction or an online auction? Maybe it’s not …
Our auction had more views …
Comparing or contrasting statistics from auctions can be fun. One auctioneer had a live auction with 450 bidders and 1,126 …
Can my auctioneer just “walk away?”
This telephone call more or less started with a question … “Can my auctioneer just walk away?” “Quit?” My answer …
Auctioneer says this guy is a deadbeat?
Auctioneers, auction associations and others regularily share information on so-called “deadbeat” bidders — bidders that don’t pay, write bad checks, …
Auctioneers and the standard of care
Sellers routinely hire auctioneers and in doing so — generally — hire one they feel can adequately handle the subject …
