We wrote a few years ago that many consider auctions to be “fast, fun & transparent.” We noted the commonly used definitions in this...

The auctioneer says “Buy at your price …” so I assume I will willingly bid against other bidders, and if I’m the high bidder I get the...

So, the question is: “Absolute auction, and can I cancel?” The short answer is “yes” despite what you are largely reading online and...

Sometimes I wake up and wonder what planet I’m on. In fact, I’ve written that phrase before. Today, I am learning that a select group of...

It seems we’re all busy and sometimes forget the very basics of the auction profession. While there are many things every auctioneer...

I talk about the merits of auction sellers committing to sell (instead of maybe selling or maybe not.) Some auctioneers disagree and...

Many real property auctioneers have “seller confirmation” auctions, allowing the seller to accept or reject the highest bid at the...

Several so-called license states have indicated that for an absolute auction, the deposit required (earnest money, good faith “deposit”)...

Many auctioneers have without reserve auctions, and many auctioneers have with reserve auctions. Both essentially claim both are the best...

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...

Live auction bid calling has gone on for thousands of years. The Internet and associated online auction (digital) bids have only been...

When I attended auction school I was told two things I’ve repeated my entire life thereafter to other auctioneers. In fact, I’ve heard...

Almost all auctions use a sense of urgency in that bidders must make up their minds quickly. A live auctioneer may only take bids for 30...

I’m sometimes mystified by how some auctioneers view their business model. We’ve held for decades that all auction bidders/buyers are...

Two American economists won the Nobel Prize on Monday, October 12, 2020 — namely Paul R. Milgrom Ph.D. and Robert B. Wilson DrBA — for...

We’ve sold a bunch of real property (real estate) at auction. One thing is obvious — other than selling “absolute” to the highest bidder...

Sometimes it’s this flagrant. The auction is advertised as absolute but it’s not. Why would an auctioneer do this? The word,...

Let’s say it’s 1930 — for example — auctioneers were primarily known in their “community” and we knew his or her spouses, their kids’...

Any auction — any time — anywhere — benefits from the “prospect of a deal,” where the bidders sense the chance to “get a deal.” Of...

I almost spit out my … ahem … coffee. The ad says the seller is motivated to sell, ready to sell … but the auction is subject to this...