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: with reserve
Does “No Reserve” mean absolute?
Our phone rings regularly from attorneys all over the world. A few days ago, this particular attorney asked the same …
Our reserve “rules” we make up
I think I’ve seen almost every rule an auctioneer has for having (and/or not disclosing) the reserve price — including …
The absolute worst auction headline … unsold
A rare 18th-century coin — a 1794 Flowing Hair Silver Dollar — expected to sell at auction for over 10 …
Auctioneers with stuff leftover …
The question regarded personal property left at an auction house that didn’t sell because the final bids did not meet …
Absolute over $500,000?
Absolute auctions attract far more attention than with reserve auctions. Thus, auctioneers understandably use the word “absolute” and the like …
‘Absolute’ or other expressions
Outside of Louisiana, all auctions are “with reserve” by default. That is, they are with reserve unless explicitly denoted as …
Does court confirmation make it a reserve auction?
I saw a recent auction advertisement … selling “absolute to the highest bidder” and then later in the same advertisement …
Should your online increment table be systematic?
Most auctioneers have for years sold in certain increments. Those auctioneers’ “standard increments” have somewhat uniform (consistent) increases over any …
What this sign means …
We’ve been asked what this sign means 100’s of times … and it could mean several things: The car sells? …
10 things to know when attending your first live auction
For everyone who’s ever been to any live auction, there’s that first time. I think my first time was probably …
We’re selling this stuff at auction, unless we decide otherwise
We have written about reasonable auction terms because these terms can’t be all seller favorable, or there will be a …
Curious auction terms & conditions
Many auctioneers (and sellers) sell property without reserve (absolute) in order to increase the number of bidders and associated prices. …
Auctioneers behaving more “reasonably”
For centuries, auction terms and conditions have been — more or less — “my way or the highway.” In fact, …
Bids that can/can’t be placed at auction
We have written about who cannot bid at an auction more than once. Today, we hope to write about that …
When to disclose the reserve and when not to …
Some auctioneers routinely disclose the minimum bid (reserve) of property they are putting up for auction, and some auctioneers never …
Is the minimum bid really the minimum bid?
What does this sign say? It says the minimum speed is 40 miles per hour. So, what if you are …
When can the seller bid without recourse?
Auctioneers around the United States have held since the forming of this country that at auction, the seller can bid …
“Professional” auctioneers shouldn’t be trusted? Really?
Are you a “professional” auctioneer? One who makes a living as an auctioneer? That would be a common definition, but …
What is a flash [auction] sale?
I received the email, as I suspect you did. Real property being offered in a flash sale — auction. What …
