Are we really getting market value?
Previously, we suggested if you as an auctioneer keep selling to the same people all the time, you might not …
Tag Archives: market value
You have a database of what?
An auctioneer told me he had a database of 30,000+ … what? He said, “buyers” but I’m not convinced. In …
What is “sufficient marketing” for an auction?
Auctions should be advertised (or marketed) sufficiently. As well, auctions should not be advertised insufficiently. So, what’s sufficiently? What’s insufficiently? …
High bids in excess of market value
A couple is retiring and moving from Vermont to Florida. They are selling their Vermont waterfront home at auction. They …
Ask an auctioneer if it’s trash or treasure
There may be no better person to talk to if you are trying to discern if this “thing” is trash …
1965 Chevrolet Impala sells at auction … again
There was a somewhat curious auction and follow-up auction of the same car — first in 2013 and then again …
$400 Million at auction
Really, really, really big numbers at auction are rare indeed. $1 Million here, $12 Million there, $49 Million on another …
Auctions: Changing ages and tastes? Indeed
It’s news all over the world and easily found on the Internet … changing buyer tastes in personal (and real) …
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 …
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: …
Auctioneers, the IRS and appraisals
Many auctioneers including myself complete personal property appraisals for IRS charitable contributions. New rules were just adopted July 30, 2018 …
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 …
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 …
Auction deemed a stunt?
As we’ve often noted all over the United States, legally there are [only] two types of auctions: “With reserve” and …
Bid calling really does matter
In 2013, we wrote that “Bid calling matters” suggesting that the particular live auctioneer who is taking bids can — …
Coming in waaaaaay below the pre-auction estimate
We wrote in 2010 that (we thought) most auction houses in the United States post pre-auction estimates that are purposely …
Should the auctioneer “set the [bid] in?”
Randy Wells says, “I ran a weekly auction house for 17 years and I can say that I probably started …
Can auction bidders pay too much or over value?
We have two questions here: One, can bidders pay too much? Second, can they pay over value? Quite frankly, we’re …
The word “auction” in culture
More and more, auctioneers are being told not to use the word, “auction” in their advertising. We explored this in …
The issue with secret reserves
Some auctioneers use secret reserves without hesitation and with some success. Other auctioneers call this technique “playing games” and “unethical” …
