We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...

Do all these words mean the same thing? I believe this item is worth $140,000? I estimate this at $140,000? The value of this item is...

We have been in the auction and appraisal business for decades. We’ve written about the appraisal industry many times and have...

A mansion (not the above mansion) went to auction and the high bid was $45.76 million. A news headline thereafter read that a “$87.8...

Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or a forced sale)...

There may be no better person to talk to if you are trying to discern if this “thing” is trash or treasure. Auctioneers are exposed to...

Terry Mangum said something similar and he’s exactly right: It is not worth what it won’t sell for. In other words, a piano listed...

I can get something estimated to be worth $131,500 for $497? I can get something estimated to be worth $20,000 for $297? It would seem...

Some background: We have offered for over 20 years that people go to auctions in search for the “prospect of a deal.” It is this simple;...

It might be land, a tractor or a piece of jewelry. Sellers want to know before consigning such, or maybe are just curious. Auctioneers...

One such discussion was published in 2011: Auctioneers as appraisers. Today, we discuss more, “how not to appraise” property — how not...

We concluded then that possibly all property only has extrinsic value (value by agreement) rather than intrinsic value, which is deemed...