#performance

Mike Brandly, Auctioneer

Mar 27, 20202 min read

Auctioneers & force majeure clauses

What is “force majeure?” French and Latin languages suggest the origin of the word means “superior force.” Other meanings include “chance...

Mike Brandly, Auctioneer

May 11, 20172 min read

Auctions where buyer won’t pay; seller won’t convey

A 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, Auctioneer

Apr 6, 20152 min read

Auction performance fees

Late 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, Auctioneer

Nov 27, 20093 min read

Auction seller won’t agree to the sale

This 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, Auctioneer

Nov 23, 20093 min read

Auction buyer won’t pay

First, it does matter if the transaction involves real property or personal property. Each are handled in very different ways due to the...