This question is almost the same question we answered in 2017 when we wrote about denying a bidder from participating in an auction event....

One thing I think we’ve learned over this time is that “auction events are not perfect.” What do we mean by that? We mean just that …...

The question becomes: “Can a power of attorney (POA) circumvent the licensing requirement?” It appears to us that unless the state has...

N.A.S.H (National Auction Supply House), Keifer Auction Supply and Missouri Auction School. Additionally, and our topic today, some...

Take a look at this $1,000 Federal Reserve Note. In fact, it’s not a $1,000 Federal Reserve Note at all, but rather a forgery,...

Quite frankly, bid calling isn’t terribly complicated in that auctioneers basically take (accept) bids from individual bidders until...

Auctions generally don’t assure this bidder he’ll get this item if it sells for $750 — or even less depending upon the increments. For...

eBay works this way. For example, we have Bidder A and Bidder B. Bidder A submits a $750 maximum bid on eBay and his high bid is at $5 …...

The entire story is here: https://www.holidaysincornwall.com/farmers-stand-in-silence-at-auction-so-a-young-man-can-buy-back-his-family-...

The online bidder is (understandably) upset, “How did I not get this item for my maximum $750 bid? How did someone else get this item for...

As can be seen in IRS Publication 526: https://www.irs.gov/pub/irs-pdf/p526.pdf, the “value of your time or services” is not deductible....

That previous writing is here: https://mikebrandlyauctioneer.wordpress.com/2012/06/23/auctioneer-trust-accounts/. Today, we look at my...

Facebook‘s stock plunged 19% losing about $119 billion in market value constituting the biggest single-day loss for any public company in...

We have written about this more than once, including here: https://mikebrandlyauctioneer.wordpress.com/2012/07/17/who-else-was-bidding/...

First of all, I’m not going after anyone as I’m not a party to any of the lawsuits where I’m asked to testify. Rather, either the...

https://mikebrandlyauctioneer.wordpress.com/2018/07/26/auctioneers-you-want-win-in-court-or-stay-out-of-court/ What we suggested in that...

We’ve discussed the legal issues, merits and otherwise the prudence of following the UCC 2-328 more strictly and not modifying it per the...

At the 2018 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) held Friday, July 20 in Jacksonville,...

Most cases in which we’ve been involved have been civil cases, where the standard of proof has been generally either a preponderance of...

Similarly, charity auctions typically involve a charity as defined under IRS regulation section 501(c)(3). These auctions might be for...