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 …
Tag Archives: marketing
Auction marketing words matter
We auctioneers have been told to leave out (or not emphasize) the word “auction” in our auction advertising. The reason …
An auction disclaimer I saw in court
It’s not often that I can disclose specifics from court cases in which we’re involved. However, with permission in this …
The future of the MLS for auctions
The future of the MLS? The Multiple Listing Service (MLS) most real estate practitioners use? Yes, the question is: What …
Is the reserve price a material fact?
Buyers at auction want to know lots of things such as the number of bedrooms, annual taxes, the horsepower of …
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, …
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 …
Facebook groups for posting auctions?
There are auction calendars — where the public can — and does — go to find auctions and property selling …
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 …
Absolute and the high bidder isn’t the buyer?
We’ve discussed “cut bids” and “refusing bids” and the like before. So, here’s the bottom line of sorts. As an …
What exactly does selling at absolute auction mean?
The word “absolute” in regard to auctions legally means the subject property is selling without reserve. Without reserve means several …
Auction marketing — do we get what we pay for?
This is a cartoon I saw courtesy of John Schultz via a Facebook post. Yes, this is a newspaper cartoon …
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 …
Lot 0 (Auction Information) confusion
There is a disturbing practice going on within online auctions where auctioneers are using “Lot 0” (or some other lot) …
Auction terms versus auction descriptions …
I get a laugh sometimes when I review auction terms and conditions. I get an even bigger chuckle when I …
Auctioneer setting the bid in at the stated minimum?
A curious discussion took place at an auctioneer get-together about auctioneers setting the bid in — particularly at real estate …
Sued because of auction sale price
We have written about auction-related lawsuits and associated sale prices before, where sellers were unhappy. Here’s one such article from …
Is accepting sealed bids an auction?
I have the distinct honor of teaching the National Auctioneers Association‘s AARE designation class alongside Manson Slik. In fact, our …
