An auction that is both with AND without reserve?
There are times that I think maybe overnight I was secretly transported to another planet. I wake up and on …
Tag Archives: contract
Is your absolute auction being advertised/conducted as such?
I’m being told that countless auctioneers across the country contract with sellers to sell everything “without reserve” a.k.a. “absolute” and …
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 …
Auctioneers and the standard of care
Sellers routinely hire auctioneers and in doing so — generally — hire one they feel can adequately handle the subject …
Auction disclaimers with irreconcilable conflicts
We have held nearly our entire auction career that auction disclaimers are risky business, especially if there are warranties and …
Why are we looking for “tie bids?”
A tie? The three horses above finishing in a dead heat. Two teams with the identical score at the end …
Bid calling and the mailbox rule
In a series of recent simulcast auctions, I served as one of two auctioneers (bid callers) with over 600 online …
Auctions and contract symmetry
It was bound to happen I suppose. We receive a call from an attorney about once a week and a …
Auctioneers and the first right of refusal
First right of refusal or “Right of first refusal” clauses are sometimes used in the auction business — and especially …
Auctioneers deal with urgency …
I teach real estate pre-licensing, post-licensing, continuing education and exam preparation classes for Hondros College. In those classes, students often …
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 …
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? …
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), …
Auctioneers are asked, “What do you charge?”
Auctioneers are indeed asked all the time … “What do you charge?” The answer to that question is nearly always: …
Is free speech always free?
We have long advocated to auctioneers all over the United States to put everything in writing. Certainly, contracts, and other …
Auction bidders are told they “may have won?”
You may have won your dream home? You may have won the lottery? You may be pregnant? I would suggest …
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 …
Extraordinary liquidated damages in auction contract
I shouldn’t be surprised anymore with some suggesting the auctioneer’s terms and conditions can be extraordinarily favorable to the auctioneer, …
Giving my advice to auctioneers
I recently returned home from what has become my annual “auctioneer convention season” including conferences and other events in Ohio, …
Auctioneers bid calling faster than bidders can bid … or not
This is the type of quote that should get the attention of every auctioneer. In essence, the bidder raised his …
