The suggestion apparently is that the buyer’s premium belongs to the auctioneer no matter. This is absolutely not true. The buyer’s...

What is a “priceless” auction item? Could an auctioneer exclaim, “This item is priceless?” What are the implications of such, if any? ...

Buyer’s premiums have been used at auctions in the United States since 1977 — over 40 years. Yet, there remain many misunderstandings...

We were one of the first auctioneers (1993) to accept credit cards at all our auctions including even on-site auctions with no landline...

The Centralia, Washington Police Department is now using eBay to sell seized goods, instead of traditional auctioneers. An article in...

Tom Brady [Brady] had apparently decided to retire. Lelands was selling Brady’s final touchdown football of his career. The football...

It took me a while to realize that the auction industry is much like industry generally — in that like businesses are quite competitive,...

The Uniform Commercial Code § 1-302 titled “Variation by Agreement” clearly says (emphasis added:) (a) Except as otherwise provided in...

Contracts between auctioneers and sellers, consignors, and consignees typically bind the principal to rightfully convey ownership,...

Why does anyone attend (or otherwise place bids) at any auction? We have held for years, the likely reason (or the only reason) is the...

Let’s see … what is an auctioneer’s job? To maximize price for our seller/client? To solve the seller/client’s problem? Indeed this is...

Buyer’s premiums continue to rise. In fact, I’ve heard for years that “nobody pays any attention to them” so why not raise them? ...

Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or a forced sale)...

For years, when we (and everyone else) only held live auctions, there were often one or two somewhat infamous bidders who attempted — and...

We were forwarded notice of the case of Byron Berry, Appellant v. The New Gainsville Livestock Auction, LLC, Appellee heard in the Court...

In very high demand, low inventory real property markets (seller markets) often listing brokers will note that they will entertain...

We’ve said auctioneers should treat all bidders the same — and they should. In that, we are suggesting you set your auction bidder...

The auction begins and there are bidders on Platform X, other bidders on Platform Y, and yet other bidders on Platform Z. In addition,...

We thought it might be a good time to define some terms auctioneers are using on a somewhat regular basis regarding real property...

We’ve been writing and commenting regarding risk in the auction business on this platform since 2009. As a frequent auction expert...