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,...

The short answer to this is, Yes. As referenced in several of my articles here, including most notably 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...