Auctioneers behaving more “reasonably”
For centuries, auction terms and conditions have been — more or less — “my way or the highway.” In fact, …
Tag Archives: with reserve
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 …
An auction that is both with AND without reserve?
There are times that I think maybe overnight I was secretly transported to another planet. I wake up and on …
When is a seller’s bid a shill bid?
Some auctions allow the seller to place bids directly or through another agent (by proxy.) Specifically, in a with reserve …
Is your absolute auction being advertised/conducted as such?
I’m being told that countless auctioneers across the country contract with sellers to sell everything “without reserve” a.k.a. “absolute” and …
Are competitive pre-auction bids pre-auction?
The more and more online bidding platforms are used for simulcast auctions — and in the case of pre-live auction …
When has the UCC 2-328 been a bad idea?
We recently wrote that for auctioneers it’s better to stay out of court than win in court, and lots better …
Can a lot be unsold at auction?
Some questions are easier than others to answer. We think our subject question today is academic — can a lot …
More bidders or the right bidders?
The question again seems to be do auctioneers need more bidders (a larger bidder pool) or just the right two …
The “basics” of the auction business?
I published this blog on June 6, 2018 about the auction industry losing bidders due to some illegal/unethical practices: https://mikebrandlyauctioneer.wordpress.com/2018/06/18/how-the-auction-industry-lost-at-least-one-bidder/ …
That other bidder, and fraudulent inducement
Often perception is more important than reality; auctions in the United States are no exception. Thus, our question today is, …
Auctioneers … it’s A/B testing, not A testing
A/B testing is a useful tool to compare two different ways of doing otherwise the same thing … to see …
Seller bidding beyond reserve?
We start today with the fact there are [only] two types of auctions. Just as state law dictates all across …
Disclosing the seller can bid at auction …
An interesting phone call came in to us the other day and we’re free to share our thoughts regarding. The …
Auction marketing words matter
We auctioneers have been told to leave out (or not emphasize) the word “auction” in our auction advertising. The reason …
