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 …
Tag Archives: market value
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” …
How much will I get at auction?
Sellers often ask, “How much will I get at auction?” … for whatever. It might be land, a tractor or …
Does an auction price equal market value?
Auctioneers have been asked this question for centuries. My good friend Bill Forbes asked me about this just the other …
What some collectors can’t find? Buyers.
I no more than walked in Mary’s house … when I knew we wouldn’t have very good news for her. …
Auctioneers talking to buyers and sellers
Shane Shuffer, Auctioneer grew up in the auction business. His father and grandfather were both auctioneers for over 40 years; …
That has sentimental value
That’s what I heard as I walked to my car. “That has sentimental value,” regarding this Farmall Cub tractor. Linda …
Dave Ramsey: Sell a house at auction rather than rent?
I found the following published letter from “Shannon” to Dave Ramsey, dated 2011. The letter regarding the better choice between …
Is it an auction or something else?
Most people in the United States would describe an auction basically the same. Real or personal property is sold by …
What’s it worth?
Back in 2009, we wrote about “What is it worth” and talked about intrinsic versus extrinsic values. We concluded then …
Auctioneers as appraisers
Marianne Moore wrote, “When one cannot appraise out of one’s own experience, the temptation to blunder is minimized, but even …
What is book value?
I remember getting interested in the auction business well over 30 years ago, and frequently hearing the term, “book value.” …
Auctioneers and appraisal fairs — the age of items
Many auctioneers volunteer (or are compensated) to conduct, “appraisal fairs,” on a somewhat regular basis. Typically, these are similar in …
Market gobbledygook
There is a long-standing tradition of auctioneers teasing the public that they will get a deal at their auction. In …
Contagion encourages auction purchases
One definition for the word, “contagion” is: the ready transmission or spread as of an idea or emotion from person …
