We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...

The word “customary” gets attention in the auction business. What is customary? Live and/or online bidding? A variety of payment...

Kathy is an auctioneer at an onsite real property auction and a good crowd is in attendance. She opens the auction with terms and...

A 1,000-year-old Chinese bowl sold for $2,225,000 at Sotheby’s. This bowl had previously been purchased at a yard sale for $3. This is...

I wasn’t sure what I was reading. Surely I misunderstood? We’re making buying at auction easier, aren’t we? Or are we making it more...

Who else in commerce lies to customers and gets away with it? If Walmart is advertising a sale, and then you get there and they aren’t —...

The story is here: https://www.thisisinsider.com/five-hundred-dollar-storage-unit-had-7-million-inside-storage-wars-2018-11 which has...

First, let me clarify that this term “auction” here is just one lot, rather than the term “auction event” consisting of all the lots as...

Live auctioneers can sell 2-3-4 lots of personal property a minute. Let’s say the average lot takes 25 seconds — so they sell in 25...

We have argued for years that auction contracts (listing contracts, consignment contracts, terms and conditions, bid calling contracts)...

Quite frankly, bid calling isn’t terribly complicated in that auctioneers basically take (accept) bids from individual bidders until...

However, online it’s apparently not that clear. It could be when the auctioneer (or software) says “Sold! or it could be when the invoice...

Maybe another question might be: What is the future of the real estate industry? How about the auction industry? I would offer these are...

After a bidder has won the bid with his (or her) high bid, he has become the new owner of the item, even though he may not have paid for...

As an example, we sold a replica “General Lee” 1969 Dodge Charger at auction about 15 years ago. Let’s just say that buyer calls me...

If you don’t, your seller is open to a lawsuit by the high bidder seeking specific performance. In other words, the high bidder (even if...

www.fasttalkingpodcast.com — about cut bids (https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-have-to-take...

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,...