Benefit auctions and auctioneer escrow accounts
People attend benefit auctions for a variety of reasons — but one of those reasons is typically that their contribution …
Tag Archives: client
Maybe selling absolute with binding opening bid?
It’s selling without reserve and we have bids … How do we know that? Because it says “without reserve” clearly …
Different buyer’s premiums for different bidders?
It happens all the time. Onsite (live) bidders 10% buyer’s premium (BP) and online bidders 18% BP, for example. Thus, …
The future of the MLS for auctions
The future of the MLS? The Multiple Listing Service (MLS) most real estate practitioners use? Yes, the question is: What …
Is the reserve price a material fact?
Buyers at auction want to know lots of things such as the number of bedrooms, annual taxes, the horsepower of …
Don’t bid live — bid online?
We regularly keep an eye on online auction platforms — particularly when they lie and/or if they seem to be …
Is that next bid a higher bid?
I was the auctioneer for an event in Chicago and had a bid of $270 on one lot up for …
Won? Sold? Reopen? Exceptions?
Auction terms and conditions are important. They prescribe the rights and duties of the auctioneer and the bidders — or …
Bidding with a contingency … a higher bid?
I’m one of only a few people around the United States who has the immense responsibility to teach auctioneers how …
I have it but I don’t … and then again, again, again …
It was only a matter of time I suppose. I had written about this several years ago and just the …
Will millennials kill live auctions?
If millennials are “killing” Costco, will millennials kill live auctions? That was essentially the question. This inquiry was in regard …
The “practice” of auctioneering
Following a benefit auction the other day I joined a few of the staff for dinner and conversation. One such …
At auction: Is it wanting or buying?
Marsha L. Richins of the University of Missouri wrote about our title in her paper, “When Wanting Is Better Than …
Unfair, unreasonable, inequitable … what does it all mean?
We started a auction-related blog in 2009. The blog has focused on auction law, customary practice and related topics concerning …
Facebook groups for posting auctions?
There are auction calendars — where the public can — and does — go to find auctions and property selling …
Who is the seller? We have that information …
A New York case in 2012 which shocked the auction industry was fortunately overturned recently. The subject involved the necessity …
Auctions with lost, misplaced and/or abandoned property
Auctioneers deal in all kinds of property. Week to week, it could be a car, gun, coin, diamond ring, lawn …
… but my seller cashed the check
As happens these days a couple times a week, I answer my phone to hear: “I’m an attorney representing an …
Can your bidder’s offer (bid) be irrevocable?
Bid calling is made up of offers and acceptances — which forms contracts from the first bid until the last. …
Is buying anything celebrity-related at auction a good investment?
Is buying a car, plane, house or other property once owned by a celebrity a good investment? That is our …
