Thus the conclusion of the study titled “Starting Low but Ending High: A Reversal of the Anchoring Effect in Auctions“ by Gillian Ku,...

Among the 1,000’s of real property auctions occurring every day in the United States, there are some properties that are garnering no...

For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...

As we have noted before, auctioneer bid calling is a series of oral contracts. A bid is received from a bidder and is accepted by the...

At auction schools across the United States, one bid calling technique is almost universal at every school: How the auctioneer ends his...

Of course, the brother, or anyone else for that matter, could have purchased these items at the auction, but that was not evidenced by...

When I attended auction school, decades ago, I remember distinctly (the very first day) that we were taught to say, “Sold!” when we...

Generally, auctioneers conclude that whatever they are selling is worth the most of whatever someone is willing to pay for that item, at...

Actually, most auctions have some sort of guarantee or warranty. With only a few exceptions, auctioneers warranty clear title — in other...

When bid calling, there can be only one high bidder who is in contract with the seller (i.e. one seller, one buyer). If it were possible...

The short answer to this is, Yes. As referenced in several of my articles here, including most notably Does bid calling form contracts?,...

First, it does matter if the transaction involves real property or personal property. Each are handled in very different ways due to the...

When an auctioneer says, “I have $10, and I’d like $15,” he is stating that he currently has his seller in contract with a particular...