It sold for $33.2 Million on November 7, 2007 at Sotheby’s in New York. For purposes of our discussion today, let’s say someone broke it...

Property owners typically contract with an auctioneer and then that auctioneer offers that property for sale … Or do they? Actually,...

Actually, numbers, “Just rolling through the air?” was what I heard proposed. Auctioneers have bid called for 1,000’s of years. In the...

Auctioneers typically enter into contracts with their sellers (clients.) These contracts often note the date and location of auction,...

For example in a contract to sell or an agreement to abide by certain terms and conditions, that document counters established law. Two...

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...

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

Claire decided after consigning some firearms, she wished to withdraw some of them, and place reserves on some otherwise selling without...

Every time, no exceptions. This contract (and the particulars of such) may be mandated by state law. Every auctioneer is advised to seek...

We recently wrote about the advantages and disadvantages of the seller being present for the auction: http://mikebrandlyauctioneer.wordpr...

Technically, colluding on price amongst competitors, also known as horizontal price fixing, is viewed as a per se violation of the...

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...

We ask here, “What is collusion at an auction?” Collusion at an auction can involve bidders (buyers), sellers, and/or auctioneers. ...

Yet, some auctioneers sell items for less than these reserve amounts. How can this happen? How it was explained to me was that if the...

State law in 49 of the 50 states in the United States dictates bidders may retract their bid at an auction anytime, for any reason, up...

State law in 49 of the 50 states in the United States dictates that items may be withdrawn prior to the start of the auction, no matter...