Some auctioneers refer to seller bidding (in a with reserve or forced sale auction) as counterbidding (counter-bidding.) Despite bids...

Auctions involve bidders making offers, and auctioneers generally accept those offers if they are higher in amount than the prior bid. ...

I see the use of the word, “regardless” every day in the auction business. For instance: Selling absolute to the highest bidder...

https://mikebrandlyauctioneer.wordpress.com/2014/08/11/bid-calling-is-just-numbers/. An out-of-town bidder arrived at our auction house...

Mark Younger and his staff helping our client sell over 3,300 lots. Several times during these recent auctions, it must have appeared to...

As most know, in contract law offers basically remain open until acceptance, rejection, revocation, expiration, operation of law, death,...

Song Dynasty. One such example came up for auction in London, England and Dr. Yao planned to attend and bid. The day of the auction, Dr....

It is no wonder that we as auctioneers have a bad reputation among many people. We still have auctioneers that play games at their...

However, what if my $270 bidder was paying with a credit card costing the seller 3.5% and the $265 bidder is paying cash? $270 minus 3.5%...

https://mikebrandlyauctioneer.wordpress.com/2010/02/04/unethical-bid-calling-3-he-loves-me-he-loves-me-not/ Amplifying this attorney’s...

https://mikebrandlyauctioneer.wordpress.com/2014/08/11/bid-calling-is-just-numbers/ A twist on this offer and acceptance is that some...

However, does selling absolute mandate you reopen the bid if another bid comes in as the hammer is falling, after the hammer falls, after...

If you don’t, your seller is open to a lawsuit by the high bidder seeking specific performance. In other words, the high bidder (even if...

It’s important for auctioneers to understand that first — they are typically agents for the seller (unless they are the seller,) and not...

www.fasttalkingpodcast.com — about cut bids (https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-have-to-take...

This cut bid in our example is an offer, and our question involves if the auctioneer/seller must accept it. The answer depends upon the...

As Mr. Sharif knew well, in American Contract Bridge rules, bids by players which are deemed inadvertent (a slip of the mind, slip of the...

Our topic today specifically regards bankruptcy auctions, but applies equally and reasonably to any type of auction anywhere in the...

That contention encompasses that it is the responsibility of the bidder to make his bid known, rather than the responsibility of the...

An auction event essentially invites bidders/buyers to participate by allowing them to contract with the auctioneer/seller. This contract...