#retraction 2/2

Mike Brandly, Auctioneer

Mar 20, 20104 min read

Can the auction bidder waive rights granted under state law?

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...

Mike Brandly, Auctioneer

Mar 2, 20104 min read

Why aren’t auctioneers saying, “Sold!?”

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

Mike Brandly, Auctioneer

Feb 9, 20103 min read

Unethical bid calling #6, The Red Herring

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

Mike Brandly, Auctioneer

Dec 3, 20091 min read

Can the auction bidder say, “Never mind?”

The short answer to this is, Yes. As referenced in several of my articles here, including most notably Does bid calling form contracts?,...

Mike Brandly, Auctioneer

Nov 20, 20092 min read

Does bid calling form contracts?

When an auctioneer says, “I have $10, and I’d like $15,” he is stating that he currently has his seller in contract with a particular...