Start the auction or commence private treaty?
An absolute auction is — by definition — “The genuine intent to transfer to the highest bidder regardless of price.” …
Tag Archives: without reserve
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? …
Absolute auction … and how many bidders is enough?
Absolute auctions [should] constitute the “genuine intent to transfer to the highest bidder regardless of price.” However, if there are …
How does an “absolute” auction not sell?
We’ve all seen this type of property up for “absolute auction.” All too often, the property doesn’t sell and my …
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 …
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/ …
