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...

However, does selling absolute mandate you reopen the bid if another bid comes in as the hammer is falling, after the hammer falls, after...

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...

We have been discussing “cut bids” (most notably here: https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-h...

It’s important for auctioneers to understand that first — they are typically agents for the seller (unless they are the seller,) and not...

On the contrary, selling without reserve means the seller has the genuine intent to transfer to the highest bidder regardless of price as...

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

This cut bid in our example is an offer, and our question involves if the auctioneer/seller must accept it. The answer depends upon the...

Our subject today involves when there is a breach of contract (as an auctioneer has announced, “Sold!” — for instance) and then the...

Renee Jones asked other auctioneers if they wore sunglasses when bid calling [Do you wear sunglasses when you sell?] (and we ask...

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,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #6,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #5,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #4,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #3,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #2,...

UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #1,...

Justin Ochs asked this above question six years ago, and we endeavored to answer his question here: https://mikebrandlyauctioneer.wordpr...