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National Auctioneers Week is an annual celebration of the auction industry, taking place during the week leading up to National …Continue reading →
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First, note the above picture is denoting a “handshake” but we qualify that the below treatise involves business deals that …Continue reading →
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How do auctioneers value real property, such as residential, commercial, industrial, retail, and farm “real estate?” Auctioneers are key in …Continue reading →
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When auctioneers sign contracts with sellers, it marks a formal agreement to market and sell the seller’s property at auction. …Continue reading →
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Sellers bidding on their own items at auction is a practice that raises significant legal and ethical concerns, particularly in …Continue reading →
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When auctioneers must pay their sellers depends on several factors, including whether they are operating in a license state or …Continue reading →
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In the context of auctions, the relationship between Uniform Commercial Code (UCC) § 2-302, UCC § 2-313, and UCC § …Continue reading →
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We wrote ten years ago about the interplay between the UCC § 2-328 & the UCC § 1-302. Here in …Continue reading →
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Seven bidders hold their bid cards up — what is an auctioneer to do? Bidder 01 is bidding $2,000, Bidder …Continue reading →
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Buyer’s premiums have become a standard feature in auctions across the globe. In nearly every type of auction—whether for real …Continue reading →
