We have written before about bidders who are drugged or otherwise mentally impaired.
Today, we explore the rights (if any) a high bidder may have if someone drunk or otherwise impaired bids against him.
We broached this subject about a year ago here: https://mikebrandlyauctioneer.wordpress.com/2016/05/05/auction-bidder-drunk-high-or-otherwise-impaired/
Nanyang Academy of Fine Arts alumnus Tang Juey Lee can claim the rare honour of being taught by distinguished Singapore artist Georgette Chen, but his painting style is quite distinct from his late teacher’s. After 40 years of painting, Tang’s rare solo show in Kuala Lumpur encapsulates all that he has learnt and more.
Auctioneers have given their data (particularly buyer data, but also seller data) to online platforms as we have partnered to sell property via either simulcast and/or online-only auctions.
And, so far almost every online platform (once with enough data and/or enough money on the table) has decided to do one of two things:
1. Turn on the very auctioneers who provided all this data
2. Sell-out to (and/or merge with) a company who will turn on these very auctioneers who provided all this data
Sotheby’s Hong Kong Spring 2017 Contemporary Ink Art Sale Totals HK$30,418,750/US$3,914,893*
85% Sold By Lot Over Half of The Sold Lots Achieve Prices Beyond High Estimate
Liu Dan – Star of the Sale All Eight Lots from American Source Sold to Asian Collectors With Seven Among The Sale’s Top Ten
Artist Records for Wang Jiqian and He Huaishuo
New Auction Records for the Artist
Sotheby’s Hong Kong’s
Modern and Contemporary Southeast Asian Art Spring Sales
Achieve Exceptional Sell-Through Rate
Collector Base Continues to Expand with Interest and Participation from Across Asia
Setting Three New Artist Records
Artist Records Achieved
This article is published with the permission of the author.
An an auction, nobody makes (requires) a bidder to bid, although some auctioneers are known to be pretty persuasive.
Given bidding is a voluntary act, can auctioneers merely take bogus bids and cite that, “Well, they chose to bid more, so what’s the harm?”
Hong Kong 2 April 2017: Patti Wong, chairman of Sotheby’s Asia, said: “We are very pleased with tonight’s robust results with an international participation from close to 20 countries. There was strong interest among Asian buyers across the four categories of paintings on offer including for our top lot, Mao by the American pop art master Andy Warhol which sold to a Asian private collector.
Distinguished Southeast Asian art historian T K Sabapathy remembers his late lecturer, Michael Sullivan, a pioneer in the field of art history in the region.
This article is published with the permission of the author.
We’ve argued a somewhat strict interpretation (practicing our textualism?) of the UCC § 2-328 and the limited right the auctioneer has to reopen the bid. Today, we expose that we are not hardly alone in this assertion.
This article is published with the permission of the author.
We’ve consulted in dozens of auction-related cases (litigation) since 2010. It’s not unusual for my phone to ring three-four times a week asking for my opinion on some auction procedure, practice or strategy.