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) …
Tag Archives: terms and conditions
Is bidding at auction a privilege or right?
It has been said that bidding at auction is a privilege and necessarily not a right. I would argue maybe …
Auctioneer Discretion and Control in Registering Bidders
I speak to thousands of auctioneers throughout the year all across the United States. In so doing, I always stress …
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 …
Terms and conditions only for seller’s protection?
We have written before about auction terms and conditions (T&C’s.) Terms such as this often include that “buyer’s must register,” …
An auction where 2=1?
We as auctioneers work in an industry without an abundance of laws, rules, regulations and case law compared to most …
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. …
Online auction platform dictates commission structure
For our purposes here, we’ll call them “AuctionPlace.com.” And yes, they dictate that the auctioneers who place property on their …
You can’t believe anything I tell you …
Auction bidders are seeing and hearing more and more disclaimers before auctions begin. The trend seems to be that these …
An auctioneer’s opening annoucement
Norm has been an auctioneer for 29 years. He conducts mostly onsite auctions, and occasionally rents a building at the …
Beware: Online auctions and reindeer games
Most live and online auctions have fair, reasonable, legally compliant terms and conditions. However, a few live and online auctions …
Auction buyer abandonment
The Buyer has no right of abandonment whatsoever. The Buyer agrees to remove all purchased property from the Auction Site within the specified time announced or posted in the auction catalog.
As-is auction with an especially “as-is” item?
As-is auction with an especially “as-is” item?
Bid increments at auctions
Anyone who has participated in any type of auction is probably familiar with bid increments. An increment is an increase of some amount, over some number. For example, if a 2009 Case IH Magnum 335 is selling at auction, and the auctioneer has $175,000 is asking for $177,500, then the bid increment is $2,500 ($177,500 minus $175,000).
The auctioneer’s opening remarks
What are the material issues with an auctioneer’s opening remarks? When are they to be commenced? Can they contradict printed advertising?
