In 49 of our 50 states, an auction by default is “with reserve.” We attempt to answer why that is … and it’s unclear. The laws just...

Outside of Louisiana, all auctions are “with reserve” by default. That is, they are with reserve unless explicitly denoted as without...

At the 2019 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) held Friday, July 12 in New Orleans,...

The only state which did not adopt the UCC 2-328 into their state law is Louisiana, however their courts regularly rule as if they had....

In this case, the plaintiff won on the testimony of an associate who “overheard” the deals details, while the defendant was prohibited to...