The ring worker holds up Lot #26 and the auctioneer asks for a bid of $5,000. Nobody bids $5,000 so the auctioneer asks for $2,000 and...

I’m registered for a real property absolute auction which means the seller has the “genuine intent to transfer to the highest bidder...

We are reminded that an auctioneer can reopen a closed bid in light of a missed timely tendered (made) bid. We ask today, what exactly...

I watch auctioneers sort of advertising property on the Internet — with video — of the auctioneer talking about the property. Given this...

It wasn’t distinctly expressed this way, but it was surely implied. Auctioneers can do anything they want with no consequences. Yes,...

Rescinding a contract is essentially putting both parties back where they were before they were bound by a contract. In other words, in...

An auctioneer offers to refund your money … if you can prove he intentionally misrepresented the property you bought. Interestingly, how...

I almost spit out my … ahem … coffee. The ad says the seller is motivated to sell, ready to sell … but the auction is subject to this...

An additional question — beginning in 2023 — for auctioneers selling firearms is: Does the “stabilizing brace” make it salable under the...

I’ve seen some interesting things in the auction business … and this might come close to topping them all, so far. This involves the...

The Uniform Commercial Code § 2-328 denotes that “Where a bid is made while the hammer is falling in acceptance of a prior bid the...

The word “customary” gets attention in the auction business. What is customary? Live and/or online bidding? A variety of payment...

During wars, planes would fly into battle, with unfortunately only some returning home. Those that did return might have bullet holes as...

Auctioneers over the last few years have publically said they are boycotting Google, Facebook, The Super Bowl (and anyone who’s performed...

Auctioneers tell me bidders won’t bid past published reserves. Auctioneers tell me bidders won’t bid past pre-auction estimates. In...

Auctioneers have been announcing and/or publishing their “terms and conditions” for their auctions for centuries. We look closer today...

If you attend or otherwise bid on property at an auction, could your purchase be a fake? Further, if you purchase a fake item, what...

In a soft close with extended bidding, I noted that an auctioneer expressed, “Only previous bidders can place a new bid” and wondered...

Auctions are by default “with reserve” unless explicitly denoted as “without reserve” in 49 states. In Louisiana, it’s the opposite, as...

I’m watching an online-only auction and see the note: “In the case of a tied bid, precedence is given to the earlier bid.” My first...