Right of Refusal vs. Reserve Bids

I have noted that Daniel P. West has linked to my blog once if not more times and I appreciate … Continue reading →

What if the buyer says he never received?

With more and more shipping of auction purchases, auctioneers occasionally discover that buyers will report they never received their purchase. … Continue reading →

Your seller “seeing the market?”

Many auctioneers have told me that their favorite type of “with reserve” auction is a seller-confirmation auction — a right … Continue reading →

Auctions, equal footing, binding alike …

Do we as auctioneers have to treat all bidders to the same terms and conditions — in other words, equal … Continue reading →

Auctioneers … does shipping matter?

As more auctioneers are selling online, and consumer expectations now include shipping even in many live auction events, auctioneers must … Continue reading →

Are Auctioneers Third-Party Settlement Organizations?

With recent changes to 26 U.S. Code § 6050W lowering the threshold for transaction reporting requirements from $20,000 to $600 … Continue reading →

How to win an online auction

It’s supposed to be easy … and most of the time it is. However, things happen: The Internet goes down, … Continue reading →

At an auction, it “appears” to be …

I’ve said it, primarily because I had heard other auctioneers say it when I attended auctions as an adolescent. For … Continue reading →

Auctioneers claiming “sole discretion”

Auctioneers like having a lot of discretion. Steve Proffitt held auctioneers should have little or no discretion and I tend … Continue reading →

Auctioneers should and shouldn’t

If I have used a guiding principle in my business as well as writings on this platform, I would say … Continue reading →

Settling an auction the day of auction?

One of the first auctions I worked in Columbus, Ohio was a personal property auction conducted by Jack B. Smith, … Continue reading →

Is it what the auctioneer said it is?

We have written lately and otherwise about auctioneers saying something is “something” and then disclaiming that this same property is … Continue reading →

Irreconcilable E&O Disclaimers

The UCC § 2-316 is often cited in regard that auctioneers can disclaim an express warranty. For instance, I can say I’m selling a … Continue reading →

Auctioneer escrow accounts

We would suggest every auctioneer has an escrow account (sometimes called a special account or trust account) for other people’s … Continue reading →

Part two Commercial restaurant equipment plus

www.AuctionSpear.com Lucky Duck Auctions presents: Stainless steel commercial restaurant equipment, theater seats, and much more loaded in this awesome online action! FREE to register, FREE to bid, no credit card, no membership fees required! www.AuctionSpear.com Watauga, TX 76137 Starts Closing June 1st 7:00 p.m. LOOK HERE! START YOUR OWN ONLINE BUSINESS TODAY! VISIT AuctionSpearLLC.com NOW

Part two Commercial restaurant equipment plus

www.AuctionSpear.com Lucky Duck Auctions presents: Stainless steel commercial restaurant equipment, theater seats, and much more loaded in this online action! FREE to register, FREE to bid, no credit card, no membership fees required! www.AuctionSpear.com Watauga, TX 76137 Starts Closing June 1st 7:00 p.m. LOOK HERE! START YOUR OWN ONLINE BUSINESS TODAY! VISIT AuctionSpearLLC.com NOW

New York City auction licensing

The New York Times published an article on May 3, 2022, titled “New York City Eliminates the Rules That Govern … Continue reading →

This $87.8 million mansion went to auction?

A mansion (not the above mansion) went to auction and the high bid was $45.76 million. A news headline thereafter … Continue reading →

Auctioneers starting at the top

Almost like any other occupation, it’s difficult — if not impossible — to start “at the top.” Said another way, … Continue reading →

Do you have to auction … anything?

We have run an auction house since 1999. In that time, we’ve learned that there are some who attempt to … Continue reading →

Must, shall, should, will, may …

Auctioneers are confronted with any number of laws. Legislators author bills that become law when a governor or the President … Continue reading →