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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
Mar 27, 20202 min read
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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
May 11, 20172 min read
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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
Apr 6, 20152 min read
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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 28, 20093 min read
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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...
Mike Brandly, Auctioneer
Nov 23, 20093 min read
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