We see auctioneers somewhat routinely noting that bidders’ bids once placed (accepted) can’t be revoked nor withdrawn — in other words,...

We previously wrote that in an online auction, high bidders have the right (state law) to retract their bids prior to, “Sold!” We also...

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

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #9,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #8,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #7,...

For example, an auctioneer might say, “Start me out at $15,000 …” [the invitation to bid $15,000] and then a bidder might bid $5,000 [the...

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

His interest in auctions began as a child, when he would go to auctions with his mother, Carol, in the Roanoke, Virginia area. They...

Vince arrives to a restaurant auction on Saturday and finds several palettes of new coffee filters. He estimates that there are about...

The joy of teaching is almost always amplified by questions and commentary from attendees before class, at breaks and after class; nearly...

Auctioneers generally don’t start the bid. What happens at a typical auction is the auctioneer suggests a price to the audience (legally,...

State law in 49 of the 50 states in the United States dictates bidders may retract their bid at an auction anytime, for any reason, up...

When I attended auction school, decades ago, I remember distinctly (the very first day) that we were taught to say, “Sold!” when we...

Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...