Virginia Auction Laws

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Chancellor may Order Property to be Sold at Public Auction Only if this Method of Sale Promotes Parties’ Interests

The Supreme Court of Virginia in Orgain v. Butler, 255 Va. 129 (Va. 1998) found that the Chancellor abused his discretionary power in ordering the property in a partition suit to be sold at public auction, rather than th...

In 'Absolute' Internet Auctions, a Contract Between a Bidder Located in Virginia and a Commercial Seller is Formed in Virginia at the Instant the Bidder Places his Bid; Commonwealth of Virginia Exercises Jurisdiction over Such Sellers

In National Auction Websites Malcolm v. Esposito, 63 Va. Cir. 440, 440-441 (Va. Cir. Ct. 2003), the Fairfax County Circuit Court held that the Commonwealth of Virginia exercises personal jurisdiction over commercial sell...

In 'With Reserve' Internet Auctions, Commonwealth of Virginia Does not Have Jurisdiction Over Non-resident Commercial Sellers if the Bid is Accepted From Outside of Virginia

In Irving v. Wagner Zone, Inc., 68 Va. Cir. 127, (Va. Cir. Ct. 2005), the Circuit Court held that, in ‘with reserve’ auctions conducted using internet auction websites, the Virginia Court will have jurisdiction over non-...

Powers of Auctioneering Board in Virginia

Annotated Code of Virginia Title 54.1. Professions and Occupations Subtitle II. Professions and Occupations Regulated by the Department of Professional and Occupational Regulation and Boards Within the Department Chapter...

Virginia Administrative Provisions on Auction Sale of Designer or Vintage Spirit Bottles

Virginia Administrative provisions to regulate auction sale of designer or vintage spirit bottles Virginia Statutes Title 3. ALCOHOLIC BEVERAGES Agency 5. ALCOHOLIC BEVERAGE CONTROL BOARD Chapter 70. OTHER PROVISIONS § 3...

Virginia Auctioneers Board

http://www.dpor.virginia.gov/Boards/Auctioneers/

Virginia Board of Auctioneers May Take Action Against an Auctioneer or Auctioneer’s Firm With an Affirmative Vote of a Majority of the Members Serving on the Board

The Court of Appeals of Virginia held that the Board of Auctioneer is authorized to take action against any auctioneer or auction firm although it lacks the statutory required numbers of members. The court found that the...

Virginia Law on Determining Auctioneers’ Commission in the Sale of Escheated Property

Virginia Statutes Title 1. ADMINISTRATION Agency 75. DEPARTMENT OF THE TREASURY Chapter 30. REGULATIONS GOVERNING ESCHEATS § 1VAC75-30-100. Commission basis for the escheator and the auctioneer The commissions paid to th...

When Sale of Auction Lot Final Virginia

Annotated Code of Virginia Title 8.2. Commercial Code--Sales Part 3. General Obligation and Construction of Contract § 8.2-328. Sale by auction (1) In a sale by auction if goods are put up in lots each lot is the subject...

When a Gratuitous Agency Exists Between the Bidder and Seller in an Auction Sale, the Bidder has a Duty of Loyalty and Full Disclosure to the Principal (Seller)

In Squire v. Johnson, 35 Va. Cir. 283 (Va. Cir. Ct. 1994), the Virginia Circuit Court of the City of Richmond in deciding whether the bidder could recover the item for which he submitted the highest bid considered whethe...