It is no wonder that we as auctioneers have a bad reputation among many people. We still have auctioneers that play games at their...

UCC 2-328 extensively in classes around the United States, as well as in several articles contained within this blog. One such UCC 2-328...

After a bidder has won the bid with his (or her) high bid, he has become the new owner of the item, even though he may not have paid for...

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

https://mikebrandlyauctioneer.wordpress.com/2010/02/04/unethical-bid-calling-3-he-loves-me-he-loves-me-not/ Amplifying this attorney’s...

You can read the entire article here: https://www.washingtonpost.com/business/economy/will-millennials-kill-costco/2018/01/19/d0de5dec-f...

Marsha L. Richins of the University of Missouri wrote about our title in her paper, “When Wanting Is Better Than Having,” in the Journal...

https://mikebrandlyauctioneer.wordpress.com/2011/02/08/internet-auction-calendars/. It’s now 2018 and about seven years later from this...

A New York case in 2012 that shocked the auction industry was fortunately overturned recently. The subject involved the necessity to...

Property is generally deemed to have been … Lost if it is found in a place where the true owner likely did not intend to set it down, and...

https://mikebrandlyauctioneer.wordpress.com/2014/08/11/bid-calling-is-just-numbers/ A twist on this offer and acceptance is that some...

As an example, we sold a replica “General Lee” 1969 Dodge Charger at auction about 15 years ago. Let’s just say that buyer calls me...

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...

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...

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 #1,...