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...

Real or personal property is sold by competitive bidding, with the high bidder becoming the owner. As such, a typical public 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...

Bob has had live auction crowds ranging from only a few bidders to over 1,000 bidders. He normally attributes the size of his crowd to...

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

I wrote about “sale order” and if it matters here:http://mikebrandlyauctioneer.wordpress.com/2011/01/01/does-order-of-sale-matter/ Our...

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...

AuctionWeb (soon after to be www.eBay.com) was opened for business September 5, 1995 and the first item sold via an online auction was a...

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...

Mary collected McCoy pottery; Tim collected B&G plates; Roberta collected pink depression; Jerry collected Hummels; Frank collected...

It might involve unfair trade practices, unreasonable or damaging conditions of employment or loss suffered from product malfunctions,...

Commingle Convert Both these terms regard actions that should not take place when holding client funds in a trust or escrow account. We...

Kurt recently wrote about auctioneers entering into contracts with sellers, where the sellers want to sign the contract for auction, but...

Those companies that are in trouble are trying to target everybody: young, old, fat, skinny. But then you become totally vanilla. You...

Sometimes, people stop by Manny’s auction the day before — or the afternoon of — and see an item or two they want to buy “right now.”...

Yet, it’s maybe the most misunderstood (or at least the most misinterpreted) four paragraphs of law involving auctioneers. Today we focus...

His interest in auctions began as a child, when he would go to auctions with his mother, Carol, in the Roanoke, Virginia area. They...