Real property sells at auction quicker and more efficiently than more traditional methods in any market (more supply than demand, or more...

While many reference prostitution as the, “oldest profession” it’s doubtful that can be substantiated either. How old is the...

I recall Larry telling me and many others on several occasions that while people attend auctions for the chance to get a deal, that...

Despite there not being any licensing law for online auctions in most states, there is contract law and related statutes which courts use...

First, we did ask if the UCC 2-328 applies to real estate and we should probably say, “real property” instead, as real estate is only the...

In other words, can an auctioneer have Julie on at $500 and ask (demand) Rachel bid $525 to outbid Julie, and when Rachel bids $525, then...

It’s worth noting that we wrote some time ago about having an auction on Sunday. We explored why Sunday was a perfectly good day for an...

The UCC 2-328 as it is today, and as largely adopted verbatim by the states in the United States, is here:(1) In a sale by auction if...

In contrast, today we write about “Caveat venditor” which is Latin for, “Let the seller beware.” So, how does caveat venditor relate to...

The practical matter of caveat emptor is that buyers should be alert to omission, deception and misrepresentation in transactions,...

Here we explore the effect of the “as-is” clause. First, some terminology for our discussion today: Patent: Open, obvious, viewable...

Vince arrives to a restaurant auction on Saturday and finds several palettes of new coffee filters. He estimates that there are about...

Arguably one of the most competitive is the Ohio contest held each summer at the Ohio State Fair. Of course, many states have very...

It’s 2011 and finally the National Auctioneers Association has a woman President. I had read several years ago an article by New York...

Bob replied, “Well, I’m unclear. The auctioneer said, “Sold!” but I then heard the seller had 48 hours to accept or reject the offer.”...

Now, before we discuss this particular subject of, “sellable position,” we’ll talk about what a ringman normally does. Ringmen work the...

At the 2011 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) recently held Friday, July 15 in Orlando,...

Typically someone will mention that, “My ringman had a bid,” or “My ringman was on,” in regard to where the bid was and who was in or...

His rule is, “I never reopen the bidding.” In over 35 years of auctioneering, he’s not reopened a bid — not once. All of Sammy’s clients...

Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...