#revival

Mike Brandly, Auctioneer

Feb 182 min read

Forced to be the high bidder

Most people probably know that someone can’t be “forced” to sign a contract binding their performance rendering it invalid (or at minimum...

Mike Brandly, Auctioneer

Dec 13, 20232 min read

There’s only the “highest bid”

Auctions have been going on for over 2,000 years. Since auctioneers started to use the Internet for online and simulcast auctions,...

Mike Brandly, Auctioneer

May 10, 20213 min read

Online bidder retraction mechanics

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

Mike Brandly, Auctioneer

Apr 6, 20213 min read

“Sold!” to the previous online bidder

This issue arises not only in online auctions, but live auctions as well. The high bidder prior to the lot being denoted, “Sold!” wishes...

Mike Brandly, Auctioneer

Nov 9, 20172 min read

The UCC 2-328 Sentence #9 (of 9)

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

Mike Brandly, Auctioneer

Nov 6, 20172 min read

The UCC 2-328 Sentence #8 (of 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,...

Mike Brandly, Auctioneer

Nov 2, 20172 min read

The UCC 2-328 Sentence #7 (of 9)

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

Mike Brandly, Auctioneer

Dec 9, 20092 min read

Don’t look for a revival at an auction

However, from the standpoint of bidders, there is no revival of previous bids. This subject occurs when there is an item up for bid, and...