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...

On the contrary, selling without reserve means the seller has the genuine intent to transfer to the highest bidder regardless of price as...

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 #5,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #4,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #3,...

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

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

As Mr. Sharif knew well, in American Contract Bridge rules, bids by players which are deemed inadvertent (a slip of the mind, slip of the...

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...

Federal Firearms License. So what does it mean to be engaged in the business of selling firearms at auction? The Bureau of Alcohol,...

Our topic today specifically regards bankruptcy auctions, but applies equally and reasonably to any type of auction anywhere in the...

Sometimes auctioneers charge a fee to register for an auction. For instance, to obtain a bid card, the bidder must provide...

I stay at many hotels throughout the year (although I have never stayed at the Black Bear Hotel in Allentown, Pennsylvania.) In doing so,...

Further, we wrote that auctioneers who are highly skilled in bid calling are paid a premium over those who are not, and that additional...