The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

AUCTIONEER Definition & Legal Meaning

Definition & Citations:

A person authorized or licensed by law to sell lands or goods of other persons at public auction; one who sells at auction. Crandall v. State, 28 Ohio St. 481; Williams v. Millington, 1 H. Bl. 83; Russell v. Miner, 5 Lans. (N. Y.) 539. Auctioneers differ frbm brokers, in that the latter may both buy and sell, whereas auctioneer can only sell; also brokers may sell by private contract only, and auctioneers by public auction only. Auctioneers can only sell goods for ready money, but factors may sell upon credit. Wilkes v. Ellis, 2 H. Bl. 557; Steward v. Winters, 4 Sandf. Ch. (N. Y.) 590.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.