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

The first website was live in November 1992. I think it might have been 1998 or so when we found software and created our first...

I have consistently held that auction bidders respond to the “prospect of a deal” and that all you need is this, and adequate marketing,...

The auctioneer has an auction. The final price doesn’t reach the reserve and is a no-sale. Yet, a buyer was found weeks — maybe even...

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...

A few days ago the National Association of Realtors (NAR) agreed to settle a series of lawsuits (awaiting court approval) with these key...

Do auctioneers warrant property selling in an auction? Do auctioneers sell property “AS IS?” They do both. Warranties are nearly...

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...

Recently, I attended an auction watching and listening to a very talented auctioneer — selling items anywhere from $10 up to $1,000 at a...

When I first entered the auction business (1982) I was only familiar with what my employer (Jack B. Smith, Auctioneer) considered...

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

We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...

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...

I remember countless auctioneers telling me two things about the auction business when I first took an interest in it: Property is only...

Auctioneers tell me that they had a “seller confirmation” auction and the seller had a “secret reserve” and the auction didn’t reach that...

How do bidders view your online (or simulcast) auction when shipping is generally involved? From viewing eBay‘s feedback system, it...

We have all probably done it, but it’s a terrible idea. For instance, an auctioneer is selling a real property improved with a home and...

Most people probably know that someone can’t be “forced” to sign a contract binding their performance rendering it invalid (or at minimum...