Your seller “seeing the market?”
Many auctioneers have told me that their favorite type of “with reserve” auction is a seller-confirmation auction — a right …
Tag Archives: expert witness
How to win an online auction
It’s supposed to be easy … and most of the time it is. However, things happen: The Internet goes down, …
At an auction, it “appears” to be …
I’ve said it, primarily because I had heard other auctioneers say it when I attended auctions as an adolescent. For …
Auctioneers claiming “sole discretion”
Auctioneers like having a lot of discretion. Steve Proffitt held auctioneers should have little or no discretion and I tend …
Auctioneers should and shouldn’t
If I have used a guiding principle in my business as well as writings on this platform, I would say …
Irreconcilable E&O Disclaimers
The UCC § 2-316 is often cited in regard that auctioneers can disclaim an express warranty. For instance, I can say I’m selling a …
Auctioneer escrow accounts
We would suggest every auctioneer has an escrow account (sometimes called a special account or trust account) for other people’s …
New York City auction licensing
The New York Times published an article on May 3, 2022, titled “New York City Eliminates the Rules That Govern …
Properly setting up … buy backs?
I know it happens, particularly in the online auction world, but the public (other bidders) detest the practice. You consign …
That new seductive advice
You’ve been exercising, eating right, and getting enough sleep. Imagine I want to get your attention. If I publish an …
A centralized list of “bad bidders?”
Many auctioneers are advocating for some type of centralized list (database) of bad bidders — bidders who bid and don’t …
What is a “priceless” auction item?
What is a “priceless” auction item? Could an auctioneer exclaim, “This item is priceless?” What are the implications of such, …
The auction industry and enmity
It took me a while to realize that the auction industry is much like industry generally — in that like …
Only the first sentence of § 1-302?
The Uniform Commercial Code § 1-302 titled “Variation by Agreement” clearly says (emphasis added:) (a) Except as otherwise provided in …
Auctions, inflation, & deflation
Why does anyone attend (or otherwise place bids) at any auction? We have held for years, the likely reason (or …
Appraisals, auctions, and seller bidding
Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or …
Setting your auction bidder criteria
We’ve said auctioneers should treat all bidders the same — and they should. In that, we are suggesting you set …
We’re selling on multiple platforms
The auction begins and there are bidders on Platform X, other bidders on Platform Y, and yet other bidders on …
17 ways to avoid unnecessary risks
We’ve been writing and commenting regarding risk in the auction business on this platform since 2009. As a frequent auction …
Buyer’s premiums charged, retained
Let’s see … Tracy hires an auctioneer to sell her family’s farm equipment and tools including tractors, tillage equipment, mowers, …
Mike Brandly, Auctioneer Blog 