“Where a bid is made while the hammer is falling in acceptance of a prior bid …” meant that somewhere between the “S” and the “D” of the...

In the latter, auctioneers must correctly calculate seller commissions, sales tax and buyer premiums — both when reconciling with bidders...

Sometimes he buys things and makes money, and other times he buys things and loses money. Cory assumes a risk when he buys something — as...

He is to meet with Mary and Richard Gaines about selling Mary’s late mother’s real and personal property at auction. Upon arriving, Jim...

However we’ll use “real estate” here as this is typically how this question is posed. The UCC 2-328 was finally firmed as to language...

Clearly the use of a computer allows for these counts to be calculated and reported. The more of each is deemed better for the seller;...

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...

Auctioneers sell personal property at auction every day in the United States and other places around the globe. For one auctioneer, that...

The added exposure for the auction method of marketing is beneficial to all of those involved in the auction business. I don’t doubt...

What traits would the best client have? What traits would the best client not have? If we base our evaluation on what might be a typical...

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...

In other words, could the minimum bids be so low that they affect the final selling prices in a negative fashion? Let’s say … Bob is...

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

“Has the reserve confirmation system caused the industry to lose buyer confidence and thus decreased the buyer pool?” First, let’s look...

Terry’s question restated: Does the property auctioneers are selling attract the bidders and buyers, or due to those bidders and buyers...

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

In other words, we were seeing 30- and 40-year olds at our auctions in the 1980’s, and now we’re seeing primarily 60- and 70-year olds? I...

Some have also asked: Is there any evidence of the answer — has there been any research completed on this matter? The answers to these...

I think Alfred was on to something. It’s worth noting that both Sotheby’s and Christie’s allows bidders four ways to bid at their...

While some believe this, I find the quote interesting to study a bit more in depth. An online auction allows bidders to bid via their...