So is it time to reopen?
Auctioneers all over the United States have had their businesses affected by the Coronavirus (COVID-19) — some live auctions have …
Tag Archives: reopen
Even when your state reopens … should you have a live auction?
States are beginning to ease restrictions on businesses regarding the Coronavirus (COVID-19) pandemic. As such, some states are dictating that …
The costs and benefits of reopening or not reopening the bid
I think it’s often not seeing the forest for the trees? Yes, auctioneers can reopen the bid (in very specific …
United States v. Blair, 193 F.2d 557 (10th Cir. 1952)
This somewhat regularly cited case United States v. Blair, 193 F.2d 557 (10th Cir. 1952) has been used to substantiate …
John Stephen Proffitt III and your right to reopen the bid
John Stephen Proffitt III (widely known as Steve Proffitt in auction circles) — attorney at law and auctioneer — proposed …
The $1,300,000 or $1,510,000 bull
I had no more than walked off my plane and turned on my phone when the voice and text messages …
Auctions and contract symmetry
It was bound to happen I suppose. We receive a call from an attorney about once a week and a …
Auctioneers — you want to win in court, or stay out of court?
I’ve told auctioneers for years that it’s good to be on the “right side of the law.” That is, if …
The integrity of the bidding process
Our topic today specifically regards bankruptcy auctions, but applies equally and reasonably to any type of auction anywhere in the …
When can auctioneers reopen the bid?
We’ve argued a somewhat strict interpretation (practicing our textualism?) of the UCC § 2-328 and the limited right the auctioneer …
Reopen the bid to only certain bidders?
Yes, auctioneers can “reopen” the bid after declaring property “Sold!” And yes, auctioneers do all too often reopen the bid …
What “may” be auctioneers’ terms & conditions’ worst word choice
I have preached one concept in almost every auctioneer class I’ve taught — and rarely if ever do I encounter …
What is a missed bid?
There has been a fair amount of talk about “non-existent tie-bids” and “missed bids” lately. So just what is a …
Two confusing auction cases …
I’ve studied auction law and customary practice over 30 years; there isn’t a day I don’t think about the subject. …
Terms which say there are “tie bids?”
As an auctioneer, it’s always been tempting to put lots of things in the “terms and conditions” of an auction. …
UCC 2-328 & UCC 1-302
Auctioneering in the United States was governed — in part — by the Uniform Sales Act beginning in 1906. The …
It’s “swart” to have a meeting
Many times prior to an auction, the auctioneers will have a meeting. Such a meeting as this is basically conducted …
Court auctions — does money trump principle?
In Federal Bankruptcy auctions — such as in Chapter 11 cases — assets are sometimes sold at public auction in …
Never reopen the bidding?
Sam “Sammy” Roberts is an auctioneer who has a rule. His rule is, “I never reopen the bidding.” In over …
When can the bid be reopened?
As we noted in our post titled: Can auctioneers reopen the bidding?, there is no doubt this question represents the …
