Items are put up for auction in the United States and around the world every second of every day. In the United States alone, millions...

At auction, the final high bid is (largely) determined by the last two bidders — the high bidder and the runner-up bidder. Given that,...

https://mikebrandlyauctioneer.wordpress.com/2018/06/18/how-the-auction-industry-lost-at-least-one-bidder/ In that blog, I noted that a...

The widely held definition of A/B Testing is: A/B testing is a controlled experiment with two variants, A and B. It is a form of...

An attorney called and asked me if his client-auctioneer had to right to withdraw a property after receiving a bid on the property in an...

In a without reserve auction, after the auctioneer calls for bids on a property, that property cannot be withdrawn unless no bid is made...

However, it seems once we as auctioneers removed the word, “Auction” or words, “Public Auction” from prominent spots in our advertising,...

I would offer probably not. Cases at the Supreme Court of the United States are probably the best ones to use as fact. Yet, consider...

This above picture pretty much lays it out visually, in that the right lane is the absolute lane, where the seller has the genuine intent...

We have discussed this issue numerous times including most recently here: https://mikebrandlyauctioneer.wordpress.com/2018/02/08/is-that...

I believe that most auctioneers understand what drives interest in an auction and/or auction event — other than wanting or needing what...

However, some information which buyers might feel is material is also by default confidential. Such is the reserve price which twice in...

We touched on another unfortunate bid calling technique (https://mikebrandlyauctioneer.wordpress.com/2018/01/29/i-have-it-but-i-dont-and-...

However, does selling absolute mandate you reopen the bid if another bid comes in as the hammer is falling, after the hammer falls, after...

If you don’t, your seller is open to a lawsuit by the high bidder seeking specific performance. In other words, the high bidder (even if...

We have been discussing “cut bids” (most notably here: https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-h...

It’s important for auctioneers to understand that first — they are typically agents for the seller (unless they are the seller,) and not...

On the contrary, selling without reserve means the seller has the genuine intent to transfer to the highest bidder regardless of price as...

www.fasttalkingpodcast.com — about cut bids (https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-have-to-take...

This cut bid in our example is an offer, and our question involves if the auctioneer/seller must accept it. The answer depends upon the...