auctioneer

Auctioneers are special agents, and have only authority to sell, and not to warrant, unless specially instructed so to do.

A person authorized by law to sell the goods of others at public sale; one who conducts a public sale or auction.

A person who conducts an auction or public sale.

<A person authorized or licensed by luw to sell lunds or goods of other persons at public auction; one who sells at auction. Awuelioncers differ from brokers, infthat the latter may both buy and sell, whereas auctionéers can only sell; also brokers may seil by private contract only, and auctioneers by public auction only, Auctioneers can only sell goods for ready money, but factors may sell upon credit.

In the civil law. A grantor or vendor of any kind.

In old French law. A plaintiif. Kelham.

[from L. Lat. auctionarius, (q. v.); Lat. propola,'] One who conducts an auction or public sale.* Spelman, voc. Auctionarii, A person who is authorised to sell goods or merchandise at public auction or sale, for a recompense, or (as it is commonly called,) a commission. Story on Agency, § 27. An auctioneer differs from a broker in being authorized only to sell, and that at public auction. Id. ibid. 2 jy. Bl. 555. Formerly, however, auctioneers had power to buy as well as sell, and were indeed called brokers. Auctionarii, quos Angli Brokers dicimus; auctioneer8» whom we English call brokert, Speli man, toc. Awtionarii, 2 U. Bl. v Jb, amp. See Auctionarius.

contracts, commerce, is a person authorised by law to keep an auction, and sell the goods of others at public sale. He is the agcnt of both parties, the seller and the buyer, 2 Taunt. 38, 209; 4 Greenl. R. 1; Chit. Contr. 208. His rights are, 1st, to charge a commission for his services; 2ndly, he has an interest in the goods sold coupled with the possession; 3dly, he has a lien for his commissions; Athly, he may sue the buyer for the purchase money. He is liable, Ist, 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; 2dly, he is responsible for the duties due to the government; 3dly, he is answerable to the purchaser when he does not disclose the name of his principal; 4thly, he 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.