We touched on another unfortunate bid calling technique (https://mikebrandlyauctioneer.wordpress.com/2018/01/29/i-have-it-but-i-dont-and-...

On the contrary, selling without reserve means the seller has the genuine intent to transfer to the highest bidder regardless of price as...

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...

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

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

Our previous article noted that Bib could offer property absolute, and if no bid was made within a reasonable time, Bib could withdraw...

Such a meeting as this is basically conducted to ensure everyone is, “all on the same page.” This type of meeting is certainly more...

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

An absolute auction: An auction where once a lot (property) is put up for bid, and a bid is received within a reasonable time, the lot...

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

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

In that time, I have covered each word of the UCC 2-328 (all 254 words) hundreds of times, to groups as large as 170 attendees in one...

She wishes to withdraw some consigned firearms, and place reserves on others, after signing a without reserve auction contract with an...

Claire decided after consigning some firearms, she wished to withdraw some of them, and place reserves on some otherwise selling without...

The auctioneer she chose was a Federal Firearms Licensee (FFL) with an auction facility near Louisville, Kentucky. With the auction day...

In essence, we asked if an auctioneer offered the high bidder choice of a group of items in an absolute auction, where that bidder could...

For example, say the auction date is November 15. November 1 the auction house places a list of the items to be offered at auction on...