Bill is the high bidder at $1,000 and the auctioneer is asking for a bid of $1,100. The auctioneer sees Aaron wave, and takes that as a...

He won about $700 worth of items, and inquired about the selling prices of a few other items on which he left absentee bids. I’m glad to...

These classes have been held at auctioneer state conventions, national conventions, auction schools and many other venues. Speakers have...

A smaller regional auction firm conducts real estate auctions and does not charge a buyer’s premium. The large nationwide firm notes in...

They sure do. I have traveled all over the United States as an auctioneer, and seen all of the below motivations to attend both our...

Such a meeting as this is basically conducted to ensure everyone is, “all on the same page.” This type of meeting is certainly more...

That staff have brought in boxes and totes, hauled over 200 bags of debris away, and stacked over 50 tables on the front porch. The...

Norm has been an auctioneer for 29 years. He conducts mostly onsite auctions, and occasionally rents a building at the fairgrounds for...

We wrote about the buyer’s premium some time ago. We also wrote about the net effect of the buyer’s premium discussing how buyers...

I’ve taught classes involving the UCC 2-328 for nearly 15 years. In that time frame, I’ve talked to (and with) 1,000’s of auctioneers...

They market real and personal property and then coordinate the realization of the highest bid generally through a competitive manner....

For instance, a newspaper advertisement, online advertisement and/or sign which said, “This is an absolute auction with no minimum bid,...

The fee is a percentage of the gross proceeds. In this case, 20% will go to the auctioneer and 80% will go to the seller. The auction...

And with only four paragraphs, there are many subtleties which are less obvious. For example, our topic today. Our scenario is a...

An absolute auction: An auction where once a lot (property) is put up for bid, and a bid is received within a reasonable time, the lot...

I note a particular paragraph found in my contract as well as many (I suspect) other auction consignment contracts used by auctioneers...

These ringmen typically help present property to the bidders, and also relay bids and other information to/from the audience and the...

The only state which did not adopt the UCC 2-328 into their state law is Louisiana, however their courts regularly rule as if they had....

Further, courts routinely rule that agents acting as a professional cannot purposely avoid knowledge about such property — also known as...

I see absolute auctions advertised all the time, all over the United States. However, how often is that really the case? Let’s look at...