Are Auctioneers Third-Party Settlement Organizations?
With recent changes to 26 U.S. Code § 6050W lowering the threshold for transaction reporting requirements from $20,000 to $600 …
Tag Archives: National Auctioneers Association
Auctions & woefully uninformed reporting
The Centralia, Washington Police Department is now using eBay to sell seized goods, instead of traditional auctioneers. An article in …
Buyer’s Premium in the contract
Auctioneers all over the United States charge a buyer’s premium (buyer’s fee or surcharge in Wisconsin) and many have such …
Auctioneers Can? May? Should? Must?
Words auctioneers should be careful to discern. Can? May? Should? Must? As well, there’s Can’t, May not, Should not, and …
Auctioneers, freedom, and liberty
Increasingly, it appears [Coronavirus] vaccines and auctioneers don’t mix. “It’s my body …” or “It’s a hoax …” or “There’s …
Conspicuous auction disclaimers
Technically, the UCC § 2-316 says that certain disclaimers must be conspicuous and other disclaimers possibly do not. However, laws …
We shouldn’t let bidders retract their bid?
We as auctioneers shouldn’t let bidders retract a bid once made? In other words, the highest bid (and bidder) as …
As is — what it is and what it isn’t
There likely isn’t an auctioneer on earth who hasn’t uttered the words, “as is” regarding how bidders are buying property …
Create your own marketplace?
I’m hearing it every day — pretty much all day — from auctioneers all over the country, and certainly from …
Auctioneers, the law says … and
Treat sellers, bidders, and buyers with good behavior? Endeavor to be fair and reasonable? Are these good thoughts to have …
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) …
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 …
Mike Brandly, Auctioneer Blog 