We are reminded that an auctioneer can reopen a closed bid in light of a missed timely tendered (made) bid. We ask today, what exactly...

I’m watching an online-only auction and see the note: “In the case of a tied bid, precedence is given to the earlier bid.” My first...

I walked out of my last day of auction school many years ago … and among my many fond memories, I recalled registering bidders with the...

Auctioneers all over the United States have had their businesses affected by the Coronavirus (COVID-19) — some live auctions have been...

So what’s the risk? Besides the somewhat obvious risk that bidders don’t yet feel comfortable attending a live auction, what if someone...

First, here’s a consideration — as we published and commented regarding in 2017: https://mikebrandlyauctioneer.wordpress.com/2017/07/28/...

The essence of this case is noted here: On Friday, July 25, 1947, the War Assets Administration conducted a sale of war surplus property...

Steve Proffitt in auction circles) — attorney at law and auctioneer — proposed openly and consistently that auctioneers do not have the...

Schaff Angus Valley as the seller retained possession of the bull and 20% of the semen rights, with the buyer (Herbster Angus Farms)...

We have argued for years that auction contracts (listing contracts, consignment contracts, terms and conditions, bid calling contracts)...

We’ve discussed the legal issues, merits and otherwise the prudence of following the UCC 2-328 more strictly and not modifying it per the...

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

Of the few court cases involving this issue, what has resulted is a somewhat mixed message about reopening for so-called tie-bids,...

We have written extensively about auctioneers reopening the bid; for instance, here: https://mikebrandlyauctioneer.wordpress.com/2010/07...

Yet, I see this word in countless auctioneers’ terms and conditions, and suggest it’s the worst possible word choice. What is this word? ...

So just what is a missed bid? Is it a bid at all? Maybe not. First, some contract basics in regard to auctions: Bids are offers made...

Specifically, we’ve looked closely at court cases which have concerned — and in many cases provided precedent in regard to — the auction...

Interesting that auctioneers (and attorneys advising auctioneers) are talking about putting terms addressing “tie bids” in their terms...

The Uniform Sales Act, drafted by Samuel Williston (1861 – 1963) who served as private secretary for U.S. Supreme Court Justice Horace...

Such a meeting as this is basically conducted to ensure everyone is, “all on the same page.” This type of meeting is certainly more...