First, it is probably important to note that the recent Michigan State University Auction Industry 2010 study showed that only 6% of all...

For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...

Large, well-known auction houses (and some smaller, lesser-known auction houses) publish catalogs listing items in upcoming auctions, and...

Why is this even a question? Can you have an auction on Monday? No auctioneer ever considers that question. But Sunday seems to get...

The term “real estate” is prevalent in our language, but is sometimes misused. Yes, those are probably real estate agents, and yes,...

The Indiana Auctioneers Association started this program, and it quickly grew to the point that their state association was overly...

One right that is sometimes given up, but other times not, is the right to bid on that property at the auction. Why do sellers want to...

Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...

At The Super Auction, held twice annually, each auctioneer participant contributes one or more auction rings of their own items (each...

Auctioneers generally don’t start the bid. What happens at a typical auction is the auctioneer suggests a price to the audience (legally,...

A television station just today reported that banks were, “buying homes back” at foreclosure auctions taking place in their county. Late...

As we have discussed in various posts, there are two types of auctions: With reserve Without reserve In a with reserve auction, the...

The study is broken into 3 basic parts, with a preface. I will also comment on some of the statistics presented. Part III of the study...

The study is broken into 3 basic parts, with a preface. I will also comment on some of the statistics presented. Part II of the study...

The study is broken into 3 basic parts, with a preface. I will also comment on some of the statistics presented. Part I of the study...

The study is broken into 3 basic parts, with a preface which we discuss here. I will also comment on some of the statistics presented....

The phrase, “I’ve got it all over the house” communicates to the bidders that there is much interest in this item being sold; the...

Auctioneers are, on the whole, very social beings. They enjoy being around other auctioneers and discussing the industry they so enjoy. ...

As we have noted before, auctioneer bid calling is a series of oral contracts. A bid is received from a bidder and is accepted by the...

First, many states in the United States require a license to act as an auctioneer. And, most of those license states require...