For example, say the auction date is November 15. November 1 the auction house places a list of the items to be offered at auction on...

Our original story is here: Should auctioneers announce the buyer’s (or bidder’s) name? Nancy purchased a rare pair of Japanese Carl...

In December, 2009, Harold French, a licensed auctioneer attended an auction conducted by Stephen Bennett, another licensed auctioneer....

One such “playing field” issue is that outside of seller withdrawal, the buyer may retract his bid anytime before the property is deemed...

We write here about our analysis of this somewhat unusual type of auctioneer closing. The UCC 2-328 as adopted by 49 of the 50 states in...

Ed conducts an “Every Friday” consignment auction in Carlin, Nevada. This particular Friday, he opens his auction with the first item up...

Puffing goes on in the auction business every day. Auctioneers (and sellers utilizing auctioneers) talk to bidders, and represent in...

Prevailing theory is that with a commission structure, the auctioneer and client work together with the same interest … the more the...

And as more and more sellers sell their property by auction, some sellers — despite believing in the auction method of marketing — wish...

This 4-paragraph section of state law is the most paramount law for auctioneers in the United States. It dictates, among many things,...

As we’re waiting for our entrees to arrive to our table, I asked him a question: “Have you ever had two bids of the same amount come in...

“Is it just me or does “Sealed Bid & Absolute Auction” seem rather confusing? I read about an upcoming auction where it’s called a...

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...

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...

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

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

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.”...

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...