News & Views

I’d rather buy from Amazon than at auction; is it any wonder?

22 October 2018

Essentially, any person on earth can buy from Amazon.com (or countless other online retailers.) Let’s see, what’s involved in such a transaction? Click? Yep, pretty much. No disputes, withdrawals, re-offering, reselling … just “click” and it’s yours.

Further, my neighbor who buys from Amazon all the time says that their return policy is straightforward as well — not happy? Return it. There is no question that commerce generally is moving this direction as customers demand more flexibility and ease of buying.

Auctioneers deal with urgency…

12 October 2018

I teach real estate pre-licensing, post-licensing, continuing educaiton and exam preparation classes for Hondros College. In thos classes, students often ask what the csotmary commission is for selling real proprety; additionally, they sometimes ask what I charge to sell real property at auction.

Legal precedent in auction cases…

10 October 2018

As I’ve recently quoted otherwise on this platform, “In common law legal systems, a precedent or authority is a legal case that establishes a principle or rule. This principle or rule is then used by the court or other judicial bodies use when deciding later cases with similar issues or facts … The Latin term stare decisis is the doctrine of legal precedent.”

Going, going, gone … at auction

8 October 2018

Sotheby’s recently sold a framed image of a girl reaching out for a red, heart-shaped balloon for $1.4 million. Then moments later a shredder hidden inside the “artist’s frame” started up and the art “self-destructed …”

“As-is” with absolutely no inspection opportunity

8 October 2018

Today we explore an idea … let’s say we auctioneers start selling property “as-is” (caveat emptor) with absolutely no preview opportunities and worse yet conceal material facts.

Of course, caveat emptor is the principle that the buyer alone is responsible for checking the quality and suitability of goods before a purchase is made. So, with no preview opportunity how does he do that?

Shah Alam Biennale

4 October 2018

The Shah Alam Biennale is an event organised by Tapak Gallery that runs from Oct 6 to 10 2018. Centered around the capital of Selangor, the event will include participants from 15 countries across Europe and Asia. The 'biennale' will be held at various venues where workshops and forums will be conducted.

Participating countries are America, Brunei, Canada, China, Columbia, Czech Republic, Germany, Italy, Indonesia, Japan, Kazakhstan, Norway, Pakistan, Singapore and Vietnam.