Commissions, fees, and uncertainty
Auctioneers take on a number of diverse projects — maybe contract bid calling one day, cleaning and readying farm equipment …
Tag Archives: contract
On any given Sunday …
As one who teaches classes to auctioneers all over the United States, one thing stands out: Many auctioneers are looking …
One lot, multiple owners, at auction
We had been in the auction business only a few months when we received a telephone call from Larry who …
Hollow illusions at auction
There is very little that gets the attention of an auction buyer more than being awarded the property (the “bid”) …
Contractual (tortious) interference
There are probably not too many college football fans who don’t remember the 2003 double-overtime Fiesta Bowl — OSU 31, …
Sending out to an expert?
Hailey is an auctioneer in Vermont who sells primarily sports memorabilia. Her auctions include basketball, football, baseball, hockey, and a …
Auctioneer purchased my items — do I still pay commission?
A recent caller asked me, “If the auctioneer purchased my items, do I still pay commission?” My answer was, “Yes, …
Legal advice without the “the rest of the story …”
“Yes, you can make a right turn there …” was not the best advice for motorists as the interstate had …
Title transfers on, “Sold!?”
The default position of the Uniform Commercial Code appears to say that title is transferred at auction upon, “Sold!” It’s …
An auction net listing
Net listings are where the agent and seller agree that the agent’s compensation will be any amount over a certain …
Contract provisions — the foreseen vs the unforeseen
We previously wrote about force majeure clauses in regard to unforeseen circumstances — for instance war, strike, riot, crime, plague, …
Sharing auctioneer contracts …
Auctioneers have lots of questions about contracts. We’ve suggested there are basically three (3) types of auctioneer-related contracts: (1) auctioneer/seller …
The Kentucky “Tie Bid” mess
We’ve argued that “tie bids” don’t (can’t) exist, and many delight in reminding everyone that they do exist in Kentucky …
Auctioneers & force majeure clauses
In light of the current Coronavirus pandemic, I’ve been party to discussions regarding “force majeuer” clauses. What is “force majeure?” …
Does auction law have to catch up with technology?
Personally, I find the statement, “The [auction] law has not quite caught up to technology” facinating and interesting. Yes, some …
Is being an auctioneer like gambling?
Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an …
The question was, “Can I bid what I want to bid?”
For the vast majority of auctions in the United States, the auctioneer suggests a bid (invites an offer) and the …
Auction cancellation fee that is fair
It’s always a good reminder for auctioneers — your contracts, terms, conditions, policies, etc. likely need to be “fair” (maybe …
Bad weather draws crowds?
There’s somewhat of an old saying in the auction business: “The worse the weather, the bigger the crowds …” The …
Auctioneers not producing records
Many auctioneers licensed by the state in which they operate are required to maintain records (contracts, advertising, settlement statements, etc.) …
