So what is shill bidding? Let’s look first at the word, “shill.” Shill means basically to falsely advocate a position in attempts to...

Too, the auctioneer would typically wade through the crowd prior to the auction, shaking hands, putting a hand on a shoulder to have a...

What does it mean when the auctioneer says, “Sold!?” In the United States, contract law is fairly clear that upon the declaration of...

However, a particularly curious statement was made during a recent episode of Auction Kings filmed at Gallery 63 in Atlanta, Georgia. As...

Yet, some language in the articles caught my eye as odd. For instance, one article noted, “A leather bull foot stool — including a tail...

For our discussion, we are referring to bid calling as the usually rapid oral exchange with bidders, accepting bids, and asking for...

Let’s say Trisha graduates from high school, and decides to start her own company. She is proficient with computers and programming, and...

Thus the conclusion of the study titled “Starting Low but Ending High: A Reversal of the Anchoring Effect in Auctions“ by Gillian Ku,...

The Buyer has no right of abandonment whatsoever. The Buyer agrees to remove all purchased property from the Auction Site within the...

Among the 1,000’s of real property auctions occurring every day in the United States, there are some properties that are garnering no...

First, it is probably important to note that the recent Michigan State University Auction Industry 2010 study showed that only 6% of all...

For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...

Large, well-known auction houses (and some smaller, lesser-known auction houses) publish catalogs listing items in upcoming auctions, and...

Why is this even a question? Can you have an auction on Monday? No auctioneer ever considers that question. But Sunday seems to get...

The term “real estate” is prevalent in our language, but is sometimes misused. Yes, those are probably real estate agents, and yes,...

The Indiana Auctioneers Association started this program, and it quickly grew to the point that their state association was overly...

One right that is sometimes given up, but other times not, is the right to bid on that property at the auction. Why do sellers want to...

Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...

At The Super Auction, held twice annually, each auctioneer participant contributes one or more auction rings of their own items (each...

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