Our subject today involves when there is a breach of contract (as an auctioneer has announced, “Sold!” — for instance) and then the...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #9,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #8,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #7,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #6,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #1,...

While we’ve received 100’s of questions, there are five we tend to get most often. Here we answer those top five with basic information...

Those acting as auctioneers, or otherwise engaged in the auction business, are required to be licensed in some states in the United...

Recently, an auction of the Lincoln Park Plaza (Michigan) apparently did not result in a completed sale. Adam Miller, Lincoln Park’s...

“Famed artist Billy Woble’s painting estimated at $3,000,000 – $5,000,000 sells at auction for $7,500,000,” instead of “Famed artist...

We have previously written about online auction bidding becoming unavailable: https://mikebrandlyauctioneer.wordpress.com/2017/02/06/onl...

We’ve written extensively about auctions where the seller has the “Genuine intent to transfer to the highest bidder regardless of price.”...

Here’s the article, titled “Absolute versus reserve auctions: Is it ever legal to retract a bid?” The subtitle of Wayne’s article...

The auction was underway, and after about 30 minutes, a fairly regular buyer known by the auctioneer interrupted the auction with this...

We as auctioneers have two choices when selling anything at auction: Sell it absolute or sell it with reserve. The absolute auction...

However, it seems some auctioneers don’t know much of what legally is going on when they bid call. Here, we present the legal mechanics...

Otherwise, this same brief 254 words is referenced in courts around the United States every day; the implications of the UCC 2-328 are...

Murray was a chancellor and a professor of law at Duquesne University in Pittsburgh, Pennsylvania. He was a former dean of the University...

Terms such as this often include that “buyer’s must register,” “everything is being sold ‘as-is,'” and “payment is due at a certain...

Lots of auctioneers recently have been discussing (and sharing) an article exploring why “Wealthy people” choose to sell their...