Mike Brandly, AuctioneerMar 27, 20202 minAuctioneers & force majeure clausesWhat is “force majeure?” French and Latin languages suggest the origin of the word means “superior force.” Other meanings include “chance...
Mike Brandly, AuctioneerMay 11, 20172 minAuctions where buyer won’t pay; seller won’t conveyA bidder becomes the buyer and he refuses to pay for his purchase. A seller refuses to convey the property after a bidder becomes the...
Mike Brandly, AuctioneerApr 6, 20152 minAuction performance feesLate 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...
Mike Brandly, AuctioneerNov 28, 20093 minAuction seller won’t agree to the saleThis does happen also, but not nearly as often as a buyer not performing. What we have in this case is a seller who, after the...
Mike Brandly, AuctioneerNov 23, 20093 minAuction buyer won’t payFirst, it does matter if the transaction involves real property or personal property. Each are handled in very different ways due to the...