John apparently stored his 1931 Model J Duesenberg automobile (and a Rolls Royce) in a Manhattan storage unit (Windsor Garage) for over...

The auctioneer’s chant, however, is much more than simply a time-honored institution in the industry, according to Mike Jones, CAI, BAS,...

I was asked the other day if a bidder bid a negative amount (such as -$50) at an absolute [without reserve] auction, “Is the auctioneer...

We write here about our analysis of this somewhat unusual type of auctioneer closing. The UCC 2-328 as adopted by 49 of the 50 states in...

“Has the reserve confirmation system caused the industry to lose buyer confidence and thus decreased the buyer pool?” First, let’s look...

In other words, we were seeing 30- and 40-year olds at our auctions in the 1980’s, and now we’re seeing primarily 60- and 70-year olds? I...

In a sweeping investigation by the Federal Bureau of Investigation (FBI), Youragentbid’s offices were raided this morning. While the...

This platform allows auctioneers to list property on their site, and allows bidders to bid two ways. Bidders can either bid during the...

Real property sells at auction quicker and more efficiently than more traditional methods in any market (more supply than demand, or more...

In other words, can an auctioneer have Julie on at $500 and ask (demand) Rachel bid $525 to outbid Julie, and when Rachel bids $525, then...

It’s worth noting that we wrote some time ago about having an auction on Sunday. We explored why Sunday was a perfectly good day for an...

In contrast, today we write about “Caveat venditor” which is Latin for, “Let the seller beware.” So, how does caveat venditor relate to...

The practical matter of caveat emptor is that buyers should be alert to omission, deception and misrepresentation in transactions,...

Here we explore the effect of the “as-is” clause. First, some terminology for our discussion today: Patent: Open, obvious, viewable...

Justin went on to describe what was lacking … “That a computer can’t put its hand on your back and tell you to bid on more time.” He also...

Vince arrives to a restaurant auction on Saturday and finds several palettes of new coffee filters. He estimates that there are about...

Bob replied, “Well, I’m unclear. The auctioneer said, “Sold!” but I then heard the seller had 48 hours to accept or reject the offer.”...

Typically someone will mention that, “My ringman had a bid,” or “My ringman was on,” in regard to where the bid was and who was in or...

Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...

The story goes, in part, that Pritchard and Juno conspired to “appraise” a Confederate Civil War sword on the Antiques Roadshow...