Auctioneer


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AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale.
     2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208.
     3. His rights are, 1. to charge a commission for his services; 2. be has an interest in the goods sold coupled with the possession; 3. he has a lien for his commissions; 4. he may sue the buyer for the purchase-money.
     4. He is liable, 1. to the owner for a faithful discharge of his duties in the sale, and if he gives credit without authority, for the value of the goods; 2. he is responsible for the duties due to the government; 3. he is answerable to the purchaser when he does not disclose the name of the principal; 4. be may be sued when he sells the goods of a third person, after notice not to sell them. Peake's Rep. 120; 2 Kent, Com. 423, 4; 4 John. Ch. R. 659; 3 Burr. R. 1921;.2 Taunt. R. 38; 1, Jac. & Walk. R. 350; 3 V. & B. 57; 13 Ves. R. 472; 1 Y. & J. R. 389; 5 Barn, & Ald. 333; 1 H. Bl. 81; 7 East, R. 558; 4 B. & Adolph. R. 443; 7 Taunt. 209; 3 Chit. Com. L. 210; Story on Ag. Sec. 27 2 Liv. Ag. 335 Cowp. 395; 6 T. R. 642; 6 John. 194; Bouv. Inst. Index, h.t.

References in periodicals archive ?
AUCTIONEERS for mortgaged property auctions will be assigned randomly via an electronic selection system at the interior ministry, according to the auctioning regulations tabled by the government in a joint House finance and interior committee session on Monday.
Raucher Brothers Auctioneers, Klem's Consignment Auction, 117 West Main St.
A number of auctioneers, including Hexham & Northern Marts' Trevor Simpson, have already signed up.
Fanie's performance earned him a place in the South African team to participate in a Young Auctioneers Competition against Australia and New Zealand during the Beef Australia Expo in Rockhampton, Australia, 4-9 May 2015.
Auctioneers will not take accidental nose-scratching as a bid, for instance.
He subsequently joined the staff of Cato Crane auctioneers, in Stanhope Street, before moving to Auction World, in Ellesmere Port.
Benefit auctions are a little bit quicker - "Those audiences usually want to hear the auctioneer let loose a little bit once in awhile," he said - and the speed picks up when it comes to vehicles and heavy equipment.
For example, a painting at a Gloucestershire auctioneers sold recently for pounds 2 million against a reserve of just pounds 1,500 because several bidders believed that it was by Rembrandt (this result caused real excitement and art historians are currently debating whether or not the painting is actually a work by the great Dutch master).
I was once privileged to share the rostrum with him when we guest auctioneered at a sale at Stoneleigh, and I learned on that occasion that, not only was he a brilliant auctioneer, he is an absolute gentleman.
This is when the auctioneer accepts a percentage of the sale price as a commission rather than an up-front payment for the service.
Norman has been an auctioneer for 20 years, and he's learned a lot in the process.
Newhall said he will be at Ames Auctioneers for the sale.