Should auctioneers be ethical?
We have held for decades that auctioneers should be ethical — without possibly expressing that exact wish on this platform. …
Tag Archives: expert witness
Is this auctioneer licensed?
It’s early morning Saturday and I’m driving to our auction. I stop at a stoplight and glance over at the …
On any given Sunday …
As one who teaches classes to auctioneers all over the United States, one thing stands out: Many auctioneers are looking …
Auctions and disclosing the auction total
We recently wrote about the disclosure of a “sale price” such as one real property or other personal property item. …
Auctions and disclosing the sale price
Kathy is an auctioneer at an onsite real property auction and a good crowd is in attendance. She opens the …
Auctioneer: I’m lying but you know it?
Could an auctioneer lie about what is being sold, the high bid, shipping charges, provenance, and a bunch of other …
The auctioneer really doesn’t pay less
We wrote about auctioneers purchasing and not paying any less nor more than anyone else, despite charging commission. That treatise …
There’s no buyer’s premium?
Buyer’s premiums are charges added to the buyer’s “hammer price” to constitute the total purchase price — plus any other …
Auctions and the restraint of trade
Could an auctioneer (and/or seller) be guilty or liable for restraint of trade for restricting an auction to only certain …
An obligation to disclose?
Auctioneers are fiduciaries for their sellers or consignees. Auctioneers owe clients (principals) obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care. …
Auctioneers: When is a lack of evidence … evidence?
I majored in Mathematics at The Ohio State University. One of my several particular interests in math was prime numbers. …
Auctioneers and judicial review
Auctioneers, albeit infrequently, find themselves in court. The issues could constitute a myriad of things including licensing laws prescribed by …
Auctioneers: The source matters
We are bombarded with information every second of every day. It comes via the Internet, television, radio, newspapers available to …
Bidding irregularities?
We have sold cars at auction for decades. More recently, those auctions have been online-only. It seems now we have …
Practicing our auctioneer craft …
There’s nothing quite like bid calling in front of a nice crowd. Nothing quite matches watching people respond to my …
Threatening to sue …?
People threaten to sue all the time. In the auction business — and much less frequently — people threaten to …
Auctioneers and deception
Deception is generally held as an act or statement which misleads. It might involve propaganda, distraction, camouflage, or concealment. Most …
Escalation clauses and auctions
In so-called “hot” real estate markets (seller markets,) often sellers are presented with multiple offers soon after listing. In such …
What? Your vendor raised prices?
Auctioneers can’t ever seem to believe it … a vendor raised prices. It could be software, a platform’s sell-through, training, …
Seller’s tolerance for risk
We’ve held for many years that all bidders at any auction need to adhere to the same terms and conditions. …
