Auctioneer setting the bid in at the stated minimum?
A curious discussion took place at an auctioneer get-together about auctioneers setting the bid in — particularly at real estate …
Tag Archives: with reserve
Online-only auction platform goes down …
We have previously written about online auction bidding becoming unavailable: https://mikebrandlyauctioneer.wordpress.com/2017/02/06/online-bidding-goes-down/. Today, we explore if an online-only auction platform goes …
At auction without the genuine intent to sell
We’ve written extensively about auctions where the seller has the “Genuine intent to transfer to the highest bidder regardless of …
Is it ever legal to retract your bid?
I received a question the other day, and included with the question was a link to an article by Wayne …
Online bidding goes down
It happens. A seller hires an auctioneer who will utilize an online provider to allow bidders to bid online — …
Name your price … really?
This is Tina; we’ll talk about her more a bit later in this article. We as auctioneers have two choices …
15 things … a bid calling law primer
Most all auctioneers know how to bid call — talk fast — communicating with an auction crowd the bid that …
Some implications of the UCC 2-328
It’s only 254 words … four paragraphs … nine sentences: in some sense a remarkable writing of praiseworthy brevity. Otherwise, …
Murray, Williston and auction contracts
Only a few distinguished legal minds have studied auction [bid calling] contracts. Two such people are John Edward Murray Jr. …
The power of the word “absolute”
I’ve sold real property at auction since 1990; thereafter, we’ve conducted 1,000’s of real and personal property auctions around the …
The issue with secret reserves
Some auctioneers use secret reserves without hesitation and with some success. Other auctioneers call this technique “playing games” and “unethical” …
Auction after [no] sale
When I first saw it, it seemed odd. It even sounded odd. If I understand it, “If it doesn’t sell …
Does a bid number grant the right to bid?
The first auction I remember attending by myself was an auction conducted by Horace J. (Jr.) Kramer near Eaton, Ohio. …
Toto, I’ve a feeling we’re not in Kansas any more
I’ve been to Kansas; in fact, several times. It appeared to me at those times, I was in the United …
Can auctioneer take seller bid unknowingly?
The UCC 2-328 has many nuances; we’ve previously noted many of those through this blog. Today, we look at paragraph …
Auctions with “market support”
What’s the value of a painting your daughter (now a well-known artist) painted when she was eight years old selling …
Auction post cancellation?
Connie’s father Frank died suddenly. She had worked with him at his lumberyard for nearly ten years. Frank bequeathed (and …
The smallest increment
We have written about the conflict with minimum bid increments and a without reserve (absolute) auction. Most notably, our analysis …
Genuine intent to transfer to the highest bidder regardless of price
What is a without reserve auction? In other words: What is an absolute auction? While there is some consensus, there …
Auctions and the intention to sell
Auctions are a unique marketing and sales technique. Property owners typically contract with an auctioneer and then that auctioneer offers …
