So, the question is: “Absolute auction, and can I cancel?” The short answer is “yes” despite what you are largely reading online and...

We see auctioneers somewhat routinely noting that bidders’ bids once placed (accepted) can’t be revoked nor withdrawn — in other words,...

https://mikebrandlyauctioneer.wordpress.com/2018/09/03/simulcast-auctions-how-they-work-and-how-they-dont/ For example, if a simulcast...

Items are put up for auction in the United States and around the world every second of every day. In the United States alone, millions...

An attorney called and asked me if his client-auctioneer had to right to withdraw a property after receiving a bid on the property in an...

Our subject today involves when there is a breach of contract (as an auctioneer has announced, “Sold!” — for instance) and then the...

While we’ve received 100’s of questions, there are five we tend to get most often. Here we answer those top five with basic information...

Christie’s is one of the world’s oldest and best known auction houses. They opened in London, England in 1766 and in New York in 1977. ...

Here’s the article, titled “Absolute versus reserve auctions: Is it ever legal to retract a bid?” The subtitle of Wayne’s article...

Otherwise, this same brief 254 words is referenced in courts around the United States every day; the implications of the UCC 2-328 are...

Lots of auctioneers recently have been discussing (and sharing) an article exploring why “Wealthy people” choose to sell their...

Today, we look at paragraph four. In this paragraph, the law states basically that there is buyer recourse (remedy) if the seller bids...

“That’s false advertising! That’s bait and switch! That’s misrepresentation!” Ellen had got up early, got dressed, stopped for coffee,...

Frank bequeathed (and technically devised) the lumberyard to her upon his death per his will. However, Connie desired to sell the...

The seller has informed his auctioneer that he is willing to sell his prized framed painting for $150,000, at his upcoming auction, and...

The question was, “Can an auctioneer stop an absolute auction once underway …?” Let’s take a look at this sign. “Everything will be sold...

And with only four paragraphs, there are many subtleties which are less obvious. For example, our topic today. Our scenario is a...

Sometimes, people stop by Manny’s auction the day before — or the afternoon of — and see an item or two they want to buy “right now.”...

Yet, it’s maybe the most misunderstood (or at least the most misinterpreted) four paragraphs of law involving auctioneers. Today we focus...

In fact, she has over 200 in her collection and they are all on display in her home, barn and garage. Natalie began her interest in...