I was talking to her the other day and ask how things were going … She said, “Great!” I just put two homes into contract and I’ve sold...

And with only four paragraphs, there are many subtleties which are less obvious. For example, our topic today. Our scenario is a...

One such discussion was published in 2011: Auctioneers as appraisers. Today, we discuss more, “how not to appraise” property — how not...

Generally, when Bankruptcy courts oversee auctions, and for that matter, when state and county courts oversee auctions, there is often a...

“Where a bid is made while the hammer is falling in acceptance of a prior bid …” meant that somewhere between the “S” and the “D” of the...

Bob replied, “Well, I’m unclear. The auctioneer said, “Sold!” but I then heard the seller had 48 hours to accept or reject the offer.”...

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...

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...

As I frequently teach auctioneer continuing education, I am often asked about this particular issue, as well as more general 1099...

This made me wonder what the minimum cost an auctioneer would incur to sell an item for $1.00 (or for any amount) at a live auction....

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...

Auctions are distinctly one of two types in the United States: “With reserve,” or “Without reserve.” If you are considering a “with...

In fact, we coined the term, “prospect of a deal” to explain why people attend auctions. There is also the term, “market value” which is...

One comment Walter would make to me almost every week at our auctions was, “You’re selling all your good stuff first … you’re going to...

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

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...

It is an auction or is it a sale? While they’re all technically auctions, many in the auction business use the word, sale instead of...

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

Yet, some language in the articles caught my eye as odd. For instance, one article noted, “A leather bull foot stool — including a tail...