I’ve checked this graphic over and over — the “scales of justice” — and it appears the right plate or bowl suspended from a fulcrum is no higher or lower than the left plate or bowl suspended from the fulcrum?
If we then consider that in auction transactions, we have sellers and (bidders) buyers. I’ve held for years that if we make the seller plate or bowl too heavy, we’ll have fewer bidders/buyers. As well, if we make the bidder/buyer plate or bowl too heavy, we’ll have fewer sellers.
Here’s a simple analysis to remember — no sellers means no bidders/buyers. In other words, auctions begin with sellers. Once we have a seller, we have to attract bidders/buyers primarily with the “prospect of a deal.”
If the prospect of a deal isn’t present, bidders won’t respond. However, auction terms and conditions have been for decades very seller-favorable Yet, lately, it’s been suggested we can waive and disclaim anything on the seller’s behalf …
Maybe no more startling advice than to attempt to disclaim any responsibility for bidders’ health and safety, all expressed warranties, honesty, integrity, and even fair dealing without taking any affirmative steps (responsibility) otherwise. https://mikebrandlyauctioneer.wordpress.com/2020/06/12/magical-auctioneer-disclaimers/
As we recently wrote, it seems once you have the seller then treating bidders with integrity, respect for reasonable expectations, acting in good faith, diligence, reasonableness, and care would be a good idea? https://mikebrandlyauctioneer.wordpress.com/2023/07/10/integrity-and-respect-for-reasonable-expectations/.
It indeed appears obvious to most people that if the left seller plate or bowl gets too heavy, the right bidder/buyer plate or bowl gets lighter and lighter. As I’ve stated repeatedly, auctions with no bidders are lonely places.
Mike Brandly, Auctioneer, CAI, CAS, AARE has been an auctioneer and certified appraiser for over 30 years. His company’s auctions are located at Mike Brandly, Auctioneer, Brandly Real Estate & Auction, and formerly at Goodwill Columbus Car Auction. He serves as Distinguished Faculty at Hondros College, Executive Director of The Ohio Auction School, and an Instructor at the National Auction Association’s Designation Academy and Western College of Auctioneering. He has served as faculty at the Certified Auctioneers Institute held at Indiana University and is approved by The Supreme Court of Ohio for attorney education.
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