I’ve held that “commercially reasonable” is a noble standard to adhere to as an auctioneer. Included in such is the opportunity for...

Steve Proffitt wrote in 2007 that there were at least three warranties made in auctions, as provided for in the [Uniform] commercial code....

As such, it certainly got our attention when it was suggested that in the case of buyer breach of contract, the buyer’s premium would be...

Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...

In fact, it’s not more difficult to find ads that say, essentially, “come to our auction since we don’t charge a buyer’s premium” as it...