Auctioneers behaving more “reasonably”
For centuries, auction terms and conditions have been — more or less — “my way or the highway.” In fact, …
Tag Archives: without 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 …
Setting the bid in …
We had previously written about auctioneers “setting the bid in” where they bid first and then ask for a higher …
“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 …
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 …
Maybe selling absolute with binding opening bid?
It’s selling without reserve and we have bids … How do we know that? Because it says “without reserve” clearly …
Auction marketing words matter
We auctioneers have been told to leave out (or not emphasize) the word “auction” in our auction advertising. The reason …
“Types” of auctions and ice cream
I quote from court cases involving auctions all the time. Court decisions are important for auctioneers to comprehend to avoid …
Auctioneers should stay in their lane
I’ve probably said it 1,000 times … auctioneers should stay in their lane. What I mean by that is … …
What drives bidders to an auction?
I believe that most auctioneers understand what drives interest in an auction and/or auction event — other than wanting or …
Is the reserve price a material fact?
Buyers at auction want to know lots of things such as the number of bedrooms, annual taxes, the horsepower of …
