Many auctioneers have without reserve auctions, and many auctioneers have with reserve auctions. Both essentially claim both are the best...

In 49 of our 50 states, an auction by default is “with reserve.” We attempt to answer why that is … and it’s unclear. The laws just...

Bidders don’t read. Bidders don’t understand. Bidders ignore what we tell them. Yet, we auctioneers write our own terms and conditions...