AUCTIONEER

8 definitions found across Law Mind sources

AUCTIONEERAuthored
The Law Mind • 1001 words
Definition
A person authorized or licensed by law to sell the lands or goods of other persons at public auction — that is, by open competitive bidding — to the highest bidder. The auctioneer acts on behalf of the seller but occupies a distinctive legal position: upon the fall of the hammer (or equivalent act of acceptance), the auctioneer becomes agent for both the seller and the buyer for the limited purpose of signing a memorandum of sale sufficient to satisfy the Statute of Frauds. This dual-agency moment, narrow as it is, has significant consequences for contract formation and enforceability.
Common Language
Modern common usage (Wiktionary): An individual who conducts an auction on behalf of a vendor, accepting bids to find the best price for the vendor. Historical common usage (Webster's 1913): A person who sells by auction; a person whose business it is to dispose of goods or lands by public sale to the highest or best bidder. The common definition is accurate as far as it goes, but it understates the auctioneer's legal position. Ordinary usage treats the auctioneer purely as the seller's agent throughout the transaction. Legally, that characterization shifts at the moment of sale — the auctioneer's authority to bind both parties in writing, and the conditions under which that authority arises or is limited, are questions that common usage does not address and that have generated substantial case law.
Common Confusion
Auctioneer vs. Broker: Historical sources consistently flag this distinction, and it remains practically important. A broker may sell by private contract and may represent either buyer or seller; a broker may also buy as principal. An auctioneer is confined to public sale and can only sell — never buy — on another's behalf. Conflating the two in historical sources risks misreading the scope of an agent's authority and the applicable licensing requirements. Auctioneer vs. Factor: A factor may sell on credit and hold goods entrusted for sale over time; an auctioneer traditionally sells for ready money only. In historical commercial law sources, this distinction affects lien rights, liability for loss, and the governing legal framework.
Why It Matters in Research
Agency analysis is the central issue. When researching auction-related disputes in the Law Mind corpus, the threshold question is nearly always whether the auctioneer had authority to act — and for whom — at the precise moment in question. The dual-agency rule (agent for seller generally; agent for both parties at the fall of the hammer) appears across equity and common law sources but is not uniformly stated. Early American cases cited by Bouvier's and Rapalje & Lawrence establish the buyer-side agency for purposes of the Statute of Frauds memorandum; researchers must not assume this principle applies beyond that narrow function. Licensing and statutory requirements shift across periods. Pre-twentieth century sources reflect licensing regimes tied to revenue (auctioneers were taxed trades) rather than consumer protection. Modern licensing frameworks are state-specific and administratively driven. A term like "authorized by law to sell" in Black's first edition refers to license compliance under a different regulatory logic than a modern reader would expect. Reserve price doctrine connects here. Whether an auction is "with reserve" or "without reserve" determines whether the auctioneer's invitation to bid is itself a contractual offer. Researchers tracing this doctrine should move from this entry to the Encyclopedia entry on Auctions (With and Without Reserve), where the contract formation analysis is developed in detail. Historical real property auctions add complexity. Several historical entries mention land alongside goods. The rules governing land auctions — particularly the Statute of Frauds memorandum requirement and the auctioneer's authority to sign it — differ from goods auctions in ways that matter when reading equity opinions and early state court decisions.
Historical Dictionary Support
The five source dictionaries converge on the core definition: an auctioneer is a licensed agent who sells others' property at public auction. All sources draw the broker distinction. Burrill adds the compensation (commission) element explicitly, grounding the relationship in Story on Agency's treatment, which emphasizes that the authority is to sell — not to negotiate, broker, or buy. Bouvier's is the most analytically rich of the historical sources, noting the dual-agency character with citations to English and American authority. Its formulation — agent of the seller generally, agent of the buyer "for some purposes at least" — accurately reflects the limited and functional nature of buyer-side agency, though Bouvier's does not spell out precisely which purposes are covered. Rapalje & Lawrence's digest entry flags the buyer-agency cases (Wend. citations) separately from authority-of-agency cases, which is useful for tracing doctrine. Black's first and second editions are nearly identical in text, both framing the auctioneer's authority through the broker/factor contrast. Neither edition addresses the reserve price question or the Statute of Frauds memorandum issue directly — significant gaps for a researcher working on contract formation questions. Burrill alone notes the Latin roots (auctionarius) in his structural apparatus, which is useful only for reading medieval and early modern legal Latin sources and can otherwise be disregarded.
Jurisdictional Note
Licensing requirements for auctioneers are state-governed in the United States and vary considerably — some states require licensure only for real property auctions, others for all public sales. The common law agency rules described here apply broadly across common law jurisdictions, but the precise reach of the auctioneer's authority to bind the buyer in writing has been treated differently in English and American equity, and researchers working across jurisdictions should verify which line of authority a particular court followed.
Encyclopedia Cross-Reference
Contracts — Auctions (With and Without Reserve), The Law Mind Contracts & Commercial Law Encyclopedia
Related Terms
Auction — Broker — Factor — Agent — Principal — Public Sale — Reserve Price — Statute of Frauds — Hammer Price — Bid — Consignor — Commission Merchant
AUCTIONEERmain
Black's Law Dictionary • 1891
A person authorized or licensed by law to sell lands or goods of other persons at public auction; one who sells at auction. Auctioneers differ from brokers, in that the lat- ter may both buy and sell, whereas auctioneers can only sell; also brokers may sell by private contract only, and auctioneers by public auction only. Auc- tioneers can only sell goods for ready money, but factors may sell upon credit.
AUCTIONEERmain
Bouvier's Law Dictionary • 1928
A person authorized by law to sell the goods of others at public sale; one who conducts a public sale or auc- tion: 5 Mass. 505; 19 Pick. 482. He is the agent of the seller: Ans. Contr. 346; 3 Term 148; 2 Rich. 464; 1 Pars. Contr. 418; 3 Cra. 251; and of the buyer, for some pur- poses at least 4 Ad. & E. 792: 7 East 558; 3 Ves. & B. 57; 4 Johns. Ch. 659; 16 Wend. 28; 4 Me.. 1, 258; 6 Leigh 16; 2 Kent 539; 21 Gratt. 678; 43 Vt. 653; 23 Mo. 423; up to the moment of sale he is agent for the vendor exclusively; it is only when the bid- der becomes the purchaser that the agency for the buyer begins; Benj. Sales $270. He is the agent of both parties at a public sale within the Statute of Frauds; 7 East 558; 7 Taunt. 38; 11 Ohio 109; 43 Vt. 655; Benj. Sales § 268; but not if he sells goods at a pri- vate sale; 1 H. & C. 484. The memoran- dum must be made at the time of the sale; 53 Me. 394; 5 Mas. 414. An auctioneer employed to sell goods in his possession or- dinarily has authority to receive payment for them, but if he acts as a mere crier or broker for a principal who retains posses- sion, he would not have such authority; Benj. Sales § 741. He has a special property in the goods, and may bring an action for the price; 1 H. Bla. 81: 7 Taunt. 237; 19 Ark. 566; 5 S. & R. 19; 1 Ril. S. C. 287; 16 Johns. 1; 1 E. D. Sm. 590; see 5 M. & W. 645; 3 C. & P. 352; 5 B. & Ad. 568; and has a lien upon them for the charges of the sale, his commission, and the auction-duty; 15 Mo. 184; 2 Kent 536. He must obtain the best price he fairly can, and is responsi- ble for damages arising from a failure to pursue the regular course of business, or from a want of skill; 8 B. & Ald. 616; Cowp. 395; 2 Wils. 325; and where he sells goods as the property of one not the owner, is liable for their value to the real owner; 7 Taunt. 237; 20 Wend. 21; 22 id. 285; 5 Mo. 323; and if he sells goods with notice that they were obtained by fraud of another, he is liable to the real owner; 57 Fed. Rep. 685. And see 2 Harr. Del. 179. For false representation or breach of contract, the vendee of land sold at auction has a right of action against the vendor as well as the auo- tioneer to recover a deposit paid at the time of sale; 19 N. Y. Sup. 224.
AUCTIONEERmain
Rapalje & Lawrence • 1888
- One who conducts an auction; one authorized or licensed by law to sell lands or goods at public auction. AUCTIONEER, (defined). 9 Wheat. (U. S.) 647; 12 Id. 443; 63 Ind. 468; 2 H. Bl. 555. (distinguished from "jobber"). 4 Sandf. (N. Y.) Ch. 587. (agent for both parties). 16 Wend. (Ν. Υ.) 28; 20 Id. 431. (authority of, as agent). 2 Taunt. 46. (in Stat. 19 Geo. III. ch. 36, 28 3 and 4). 13 Price 636.
AUCTIONEERn.
Websters Unabridged Dictionary (1913) • 1913
A person who sells by auction; a person whose business it is to dispose of goods or lands by public sale to the highest or best bidder.
AUCTIONEERv.
Websters Unabridged Dictionary (1913) • 1913
To sell by auction; to auction. Estates . . . advertised and auctioneered away. Cowper.
auctioneernoun
Wiktionary (English) • 2026
Wiktionary contributorsCC BY-SA 4.0 • via Kaikki
Extracted and formatted for display by Law Mind. Source link opens the current Wiktionary page and its contributor history; it is not a frozen copy of this extract.
An individual who conducts an auction on behalf of a vendor, accepting bids to find the best price for the vendor.
auctioneerverb
Wiktionary (English) • 2026
Wiktionary contributorsCC BY-SA 4.0 • via Kaikki
Extracted and formatted for display by Law Mind. Source link opens the current Wiktionary page and its contributor history; it is not a frozen copy of this extract.
To sell at an auction; to auction. | To act as an auctioneer.

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