Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...

The UCC 2-328 speaks to this issue in a somewhat peculiar fashion. In particular: 2-328 (4) If the auctioneer knowingly receives a bid on...

We wrote about duties auctioneers owe their clients (sellers) in 2009. As we noted then, auctioneers are special agents for their...

Bib has held over 10,000 auctions in his career — mostly livestock, farm equipment and real property. Today, Bib is holding an auction...

The joy of teaching is almost always amplified by questions and commentary from attendees before class, at breaks and after class; nearly...

There are also other forced sale auctions including foreclosures, repossessions and court-ordered actions (lacking the seller’s consent)....

Since Christie’s and Sotheby’s introduced the buyer’s premium in 1975 in England, and soon after (1977) in the United States, the buyer’s...

It seems every so often a story makes the news such as this: The buyer found over $40,000 in $100 bills taped under the third drawer of...

There are two parties to an auction. On the one side, there is a seller who typically owns the item, or otherwise represents the title...

Here’s a typical example of what we’re addressing here: Terrell’s Auction House has an auction coming up Monday night and has a 1955...

While the United States has developed many such auction and auctioneer laws, English (United Kingdom) courts in the 1700’s and 1800’s...

To generalize the question at issue, let’s say an auctioneer is selling real property at auction, and the bidding goes as such: ...

Marvin wishes to consign his 2009 Jaguar XF Coupe to the local auto auction. Marvin paid about $59,000 for this car about a year ago,...

So, that 1889-CC Morgan Silver Dollar is MS-60, but maybe not? This could just as well be a parcel of land, a piece of commercial...

One such instance was in 1983, when an auctioneer in Indiana opened the Sunday newspaper to see that he and another auctioneer in that...

What does it mean when the auctioneer says, “Sold!?” In the United States, contract law is fairly clear that upon the declaration of...

For our discussion, we are referring to bid calling as the usually rapid oral exchange with bidders, accepting bids, and asking for...

The Buyer has no right of abandonment whatsoever. The Buyer agrees to remove all purchased property from the Auction Site within the...

For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...

Auctioneers generally don’t start the bid. What happens at a typical auction is the auctioneer suggests a price to the audience (legally,...