We wrote a few years ago that many consider auctions to be “fast, fun & transparent.” We noted the commonly used definitions in this...

When I first entered the auction business (1982) I was only familiar with what my employer (Jack B. Smith, Auctioneer) considered...

We have all probably done it, but it’s a terrible idea. For instance, an auctioneer is selling a real property improved with a home and...

Say auctioneers were being sued in class-action lawsuits all over the United States (which is not happening.) What might our trade...

Two American economists won the Nobel Prize on Monday, October 12, 2020 — namely Paul R. Milgrom Ph.D. and Robert B. Wilson DrBA — for...

We’ve sold a bunch of real property (real estate) at auction. One thing is obvious — other than selling “absolute” to the highest bidder...

Let’s say it’s 1930 — for example — auctioneers were primarily known in their “community” and we knew his or her spouses, their kids’...

Buyer’s premiums have been used in the United States since 1977. There are very few — if any — online auction bidders unfamiliar with...

We started using a marketing strategy in the early 1990s where we advertised to property owners that we could sell their property “for...

What makes any auction work? We’ve held well over our entire career that a successful auction must have the “prospect of a deal” along...

I attended an interesting auction where an item was put up for bids (offers) and then if the price was deemed sufficient, suddenly more...

We ask a somewhat rhetorical question this morning … what is “scheduled maintenance?” Of course, it’s two things: “Scheduled” and...

I have noted that Daniel P. West has linked to my blog once if not more times and I appreciate that, and I have linked to his blog in...

We were forwarded notice of the case of Byron Berry, Appellant v. The New Gainsville Livestock Auction, LLC, Appellee heard in the Court...

As I teach real estate law for Hondros College, we have discussed with students for many years — albeit briefly — “secret profits” … and...

Many say when it comes to contracting (contracts, terms, and conditions, and the like) that sellers and bidders have a “duty to read” the...

I recently testified in yet another auction case. The issue was basically a “title issue” which wasn’t adequately disclosed (in my...

The question is, for a 1,000 lot online auction, should the auctioneer wait to allow bidding (or even put the auction up live) until all...

We recently wrote about the disclosure of a “sale price” such as one real property or other personal property item. Today, we explore...

We’ve held that auctioneers should disclose all known material facts concerning any property they are putting up for auction. This...