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

We see auctioneers somewhat routinely noting that bidders’ bids once placed (accepted) can’t be revoked nor withdrawn — in other words,...

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...

Auctioneers want to maximize the bidder pool. In doing so, many of us are allowing online bids either placed in real-time and/or for the...

eBay an auction, there is no question the platform taught a good number of people in the United States and otherwise how auctions work....

Generally, auctioneers conclude that whatever they are selling is worth the most of whatever someone is willing to pay for that item, at...