Some auctioneers have “with reserve” auctions and as such allow the seller to confirm the high bid — accepting it or rejecting it. In an...

In brief, it is an illegal agreement involving bid rigging and price suppression, in violation of law inclusive of the Sherman Antitrust...

It is now 3 years after Mr. Georges Wyatt purchased his long-desired painting. He now wishes to sell the painting at auction, and wants...

As we discussed in Different Types of Auctions, auctioneers and their clients have the choice between with reserve and without reserve...