It took me a while to realize that the auction industry is much like industry generally — in that like businesses are quite competitive,...

The Uniform Commercial Code § 1-302 titled “Variation by Agreement” clearly says (emphasis added:) (a) Except as otherwise provided in...

We run an auction house and know the names of upwards of 60% of our bidders who we see on a regular basis. Roger and his wife are...

Contracts between auctioneers and sellers, consignors, and consignees typically bind the principal to rightfully convey ownership,...

Why does anyone attend (or otherwise place bids) at any auction? We have held for years, the likely reason (or the only reason) is the...

Let’s see … what is an auctioneer’s job? To maximize price for our seller/client? To solve the seller/client’s problem? Indeed this is...

Buyer’s premiums continue to rise. In fact, I’ve heard for years that “nobody pays any attention to them” so why not raise them? ...

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

For years, when we (and everyone else) only held live auctions, there were often one or two somewhat infamous bidders who attempted — and...

We were forwarded notice of the case of Byron Berry, Appellant v. The New Gainsville Livestock Auction, LLC, Appellee heard in the Court...

In very high demand, low inventory real property markets (seller markets) often listing brokers will note that they will entertain...

We’ve said auctioneers should treat all bidders the same — and they should. In that, we are suggesting you set your auction bidder...

The auction begins and there are bidders on Platform X, other bidders on Platform Y, and yet other bidders on Platform Z. In addition,...

We thought it might be a good time to define some terms auctioneers are using on a somewhat regular basis regarding real property...

We’ve been writing and commenting regarding risk in the auction business on this platform since 2009. As a frequent auction expert...

It seems I hear about this all the time? An auction takes place (online and/or live) and a buyer buys an item, pays for it, and then...

As I teach real estate law for Hondros College, we have discussed with students for many years — albeit briefly — “secret profits” … and...

Let’s see … Tracy hires an auctioneer to sell her family’s farm equipment and tools including tractors, tillage equipment, mowers, and...

Auctioneers all over the United States charge a buyer’s premium (buyer’s fee or surcharge in Wisconsin) and many have such provisions in...

We continue to hold that the Alex Lyon & Son, Sales Managers and Auctioneers, Inc. v. Leach, 844 S.E.2d 120 (W.Va. 2020) case was...