Which is better for the seller? Absolute? With reserve?
There are dozens of academic research papers (and maybe not many more) concerning with reserve auctions versus without reserve (absolute) …
Tag Archives: National Auctioneers Association
National Auctioneers Association makes data ownership statement
The National Auctioneers Association (NAA) recently surveyed their membership and found that 70.4% of members use a third-party vendor to …
The NAA IAC Final Round Questions ’21
At the 2021 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) held Friday, July 16 in Minneapolis, Minnesota, three questions …
The three big auction warranties
Steve Proffitt wrote in 2007 that there were at least three warranties made in auctions, as provided for in the …
Can auctioneers disclaim what they tell you their sellers said …?
We previously wrote that auctioneers cannot disclaim express (expressed) warranties. That treatise involving the UCC § 2-316 is here: https://mikebrandlyauctioneer.wordpress.com/2021/06/21/can-an-auctioneer-disclaim-an-express-warranty/. …
Auctioneers: win or lose, you lose
It appears to some people that if I list a dozen lawsuit citations, all pointing out that courts around the …
Court cases and one important lesson
… in 2015 the Superior Court of the State of California (Orange County) in a jury trial found that the …
Hollow illusions at auction
There is very little that gets the attention of an auction buyer more than being awarded the property (the “bid”) …
NAA’s Hannes Combest
Hannes Combest, FASAE, CAE, has been Chief Executive Officer at the National Auctioneers Association since June 2008. She recently announced …
Are auctioneers “eBay stores?”
A seller contacts me and wants me to take their property, put it online and get it sold. I’m a …
Are auctioneers intentionally misleading buyers?
I’ve probably written about this issue more than any other. The question is essentially “Why are auctioneers intentionally misleading buyers?” …
Treating bidders with honesty, integrity, and fair dealings?
Nope. We just can’t do it. Auction bidders aren’t owed any honesty, nor integrity, and certainly not fair dealings. On …
Auctions, disclosure, patent & latent
We’ve held that auctioneers should disclose all known material facts concerning any property they are putting up for auction. This …
The White House and occupational licensing
On December 14, 2020, President Donald J. Trump issued an Executive Order on Increasing Economic and Geographic Mobility. The complete …
Auctioneer’s favorite gavel?
Artnet News Senior Market Editor Eileen Kinsella published an article on December 3, 2020, titled “Going Once! 11 World-Class Auctioneers …
Absolute with a minimum opening
We have written numerous times about without reserve (absolute) auctions coupled with minimum opening bids or minimum bid increments. Fortunately …
Frivolous auction lawsuits
As a frequent auction expert witness, we’ve been privy to some others’ thoughts on suing auctioneers, sellers, and buyers which …
If you are the smartest (auctioneer) in the room …
We’re not sure who originally said it, but it’s good advice. “If you are the smartest person in the room, …
Terms, conditions & fairness
You have to listen carefully … as in some cases you’re being lied to. Can auctioneers treat bidders differently — …
Did the “best” auctioneer get the job?
Auctioneers compete for jobs — contracts if you will — in order to sell cars, livestock, estates, real estate, etc. …
