Auctions are by default “with reserve” unless explicitly denoted as “without reserve” in 49 states. In Louisiana, it’s the opposite, as...

The argument for with reserve auctions goes like this: The high bids on lots were below market value, and as such, the reserve auction...

More specifically, “Auctioneer reserves the right to reject any bid from any bidder?” We would ask, does “bidder” mean “registered...

We’ve written before that denoting an absolute auction requires the use of “absolute” or “without reserve” — and no other words do so —...

What makes any auction work? We’ve held well over our entire career that a successful auction must have the “prospect of a deal” along...

We’ve sold an immense amount of property at auction — absolute to the highest bidder. In other words, those sellers (clients) had the...

Yes, this was the claim. For any auction — once a bid is placed — that constitutes a minimum bid that the next bid must exceed. As...

We’ve held that a “bright line” defining when an auction is absolute or without reserve is horrible for the auction industry. What is...

Absolute auctions, by definition, involve selling to the highest bidder. So, if an auctioneer has a current bid of $750,000.00 and a...

Where in the United States can an auctioneer legally say, “This is selling absolute over a minimum bid of …?” The answer? Nowhere in...

In a recent case before the Supreme Court of Virginia, parties discussed when an auction is with reserve and when it is without reserve,...

Yes, we’ve held for as long as I have been in the auction business that there are two types of auctions: With reserve and without...

Abby decides to attend in person an absolute (without reserve) simulcast auction as there are some items that interest her. She drives...

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

Our question today is: “Would an auctioneer accept a seller’s property for auction and sell it absolute if the seller requested such?” ...

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

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

The UCC § 2-328 has a prescribed solution to solve a seller bidding without disclosure. Basically, the high bidder (the buyer) may void...

Auctions are of two distinct types: “With (some sort of) reserve, or without (any such) reserve, also known as “absolute.” Sellers who...

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