Some auctioneers refer to seller bidding (in a with reserve or forced sale auction) as counterbidding (counter-bidding.) Despite bids...

Auctions involve bidders making offers, and auctioneers generally accept those offers if they are higher in amount than the prior bid. ...

If you have participated in a live or online auction, the auctioneer’s “chant” nor the online platform is generally placing bids. We say...

I see the use of the word, “regardless” every day in the auction business. For instance: Selling absolute to the highest bidder...

Mark Younger and his staff helping our client sell over 3,300 lots. Several times during these recent auctions, it must have appeared to...

As most know, in contract law offers basically remain open until acceptance, rejection, revocation, expiration, operation of law, death,...

It is no wonder that we as auctioneers have a bad reputation among many people. We still have auctioneers that play games at their...

This cut bid in our example is an offer, and our question involves if the auctioneer/seller must accept it. The answer depends upon the...

An auction event essentially invites bidders/buyers to participate by allowing them to contract with the auctioneer/seller. This contract...

However, it seems some auctioneers don’t know much of what legally is going on when they bid call. Here, we present the legal mechanics...

This was no doubt in regard to a live auction where an auctioneer can assume nobody bids just once. In other words, if he bids $5,000,...

Property owners typically contract with an auctioneer and then that auctioneer offers that property for sale … Or do they? Actually,...

Over 15 antique John Deere tractors plus other John Deere equipment and tools sat outside ready for tomorrow’s auction. Vern went to bed...

For example, an auctioneer saying, “Somebody start me out at $500,000 …” is a suggestion — an invitation to offer $500,000. If a bidder...

You might have guessed one is auction and the other is private negotiation. And today, we’re looking at the combination of these two...

They market real and personal property and then coordinate the realization of the highest bid generally through a competitive manner....

With a large estate auction near Rachel’s home scheduled for next Saturday, Rachel calls Chris to see if he can return home. He can. The...

Simply put, bidders offer an amount to the auctioneer and the auctioneer then accepts the offer if it exceeds the prior bid amount. Bids...

Auctioneers generally don’t start the bid. What happens at a typical auction is the auctioneer suggests a price to the audience (legally,...

Sure. First, when an auction is scheduled — any auction — the seller (owner) has the right to withdraw any item from the auction before...