Bill is the high bidder at $1,000 and the auctioneer is asking for a bid of $1,100. The auctioneer sees Aaron wave, and takes that as a...

I’ve taught classes involving the UCC 2-328 for nearly 15 years. In that time frame, I’ve talked to (and with) 1,000’s of auctioneers...

They market real and personal property and then coordinate the realization of the highest bid generally through a competitive manner....

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...

Sometimes, people stop by Manny’s auction the day before — or the afternoon of — and see an item or two they want to buy “right now.”...

As well, we’ve written about the types of contracts auctioneers enter into, or are materially involved in supervising. Two such articles...

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

The auctioneer she chose was a Federal Firearms Licensee (FFL) with an auction facility near Louisville, Kentucky. With the auction day...

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

Bob owns a car auction and needs an auctioneer for his new Friday night run. Carla’s father died and she needs an auctioneer to sell his...

For the most part, Harry’s real estate auctions have led to successful closings — with generally happy buyers and happy sellers. However,...

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

Auctioneers use this phrase “as-is, where-is” to denote, generally, two conditions of the sale: As-is: The buyers are accepting 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...

However we’ll use “real estate” here as this is typically how this question is posed. The UCC 2-328 was finally firmed as to language...

We write here about our analysis of this somewhat unusual type of auctioneer closing. The UCC 2-328 as adopted by 49 of the 50 states in...

Bob replied, “Well, I’m unclear. The auctioneer said, “Sold!” but I then heard the seller had 48 hours to accept or reject the offer.”...

Typically someone will mention that, “My ringman had a bid,” or “My ringman was on,” in regard to where the bid was and who was in or...

His rule is, “I never reopen the bidding.” In over 35 years of auctioneering, he’s not reopened a bid — not once. All of Sammy’s clients...