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Tag Archives: without reserve

Sullivan v. Max Spann

August 4, 2022

The case at the Supreme Court of New Jersey known as John C. Sullivan v. Max Spann Real Estate & …

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Is a with reserve auction better for the seller?

July 8, 2022

Auctioneers often ask if there is any “proof” absolute auctions produce the highest prices for sellers. While there isn’t a …

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Seller wants to (should) sell absolute …

July 4, 2022

Our question today is: “Would an auctioneer accept a seller’s property for auction and sell it absolute if the seller …

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Your seller “seeing the market?”

June 27, 2022

Many auctioneers have told me that their favorite type of “with reserve” auction is a seller-confirmation auction — a right …

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Properly setting up … buy backs?

May 3, 2022

I know it happens, particularly in the online auction world, but the public (other bidders) detest the practice. You consign …

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Appraisals, auctions, and seller bidding

February 23, 2022

Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or …

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Absolute, but we might not close

December 20, 2021

There’s no better way to maximize price at auction than selling at absolute auction. What is an absolute auction? It …

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Sell absolute and end up in court?

August 9, 2021

I hear this on a somewhat regular basis … “Don’t hold absolute auctions so you can stay out of court.” …

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Which is better for the seller? Absolute? With reserve?

July 27, 2021

There are dozens of academic research papers (and maybe not many more) concerning with reserve auctions versus without reserve (absolute) …

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Does “No Reserve” mean absolute?

April 13, 2021

Our phone rings regularly from attorneys all over the world. A few days ago, this particular attorney asked the same …

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Our reserve “rules” we make up

December 15, 2020

I think I’ve seen almost every rule an auctioneer has for having (and/or not disclosing) the reserve price — including …

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The absolute worst auction headline … unsold

October 20, 2020

A rare 18th-century coin — a 1794 Flowing Hair Silver Dollar — expected to sell at auction for over 10 …

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Auctioneers with stuff leftover …

September 2, 2020

The question regarded personal property left at an auction house that didn’t sell because the final bids did not meet …

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Absolute over $500,000?

August 26, 2020

Absolute auctions attract far more attention than with reserve auctions. Thus, auctioneers understandably use the word “absolute” and the like …

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‘Absolute’ or other expressions

August 18, 2020

Outside of Louisiana, all auctions are “with reserve” by default. That is, they are with reserve unless explicitly denoted as …

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Does court confirmation make it a reserve auction?

July 3, 2020

I saw a recent auction advertisement … selling “absolute to the highest bidder” and then later in the same advertisement …

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Start the auction or commence private treaty?

May 25, 2020

An absolute auction is — by definition — “The genuine intent to transfer to the highest bidder regardless of price.” …

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Should your online increment table be systematic?

May 10, 2020

Most auctioneers have for years sold in certain increments. Those auctioneers’ “standard increments” have somewhat uniform (consistent) increases over any …

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What this sign means …

May 5, 2020

We’ve been asked what this sign means 100’s of times … and it could mean several things: The car sells? …

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Absolute auction … and how many bidders is enough?

March 20, 2020

Absolute auctions [should] constitute the “genuine intent to transfer to the highest bidder regardless of price.” However, if there are …

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