Warlow v Harrison (1859) is an English contract law case that talks about the liability of an auctioneer when he fails to sell the auctioned property to the highest bona fide bidder in an auction without reserve. The defendant, an auctioneer, offered a horse for sale at a public auction with no reserve. The plaintiff attended the auction and placed a bid of 60 guineas. The horse’s owner placed a bid of 61 guineas. The plaintiff declined to make any further bids, and the defendant (who appears to have been unaware that the bidder was the owner) put down the hammer to sell the horse to the owner for 61 guineas. The plaintiff asserted that the horse belonged to him because he was the highest bona fide (true) bidder at an unreserved auction. The plaintiff claimed in his pleadings that the defendant served as his agent to carry out this contract.
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History of Auctioneering
The most expensive seal sold at auction was sold for $22,000,000 (£17,595,777) and was bought by an anonymous buyer (China) in Paris, France, on 14 December 2016. The seal had once belonged to one of China’s longest serving emperors, Qianlong (1735-1796) of the Qing dynasty, who owned 1,800 of them. According to the auction house, the seal was acquired by a French naval doctor during a trip to China in the 19th century, after which it remained in his family.
Country: France
Year: 2106
Date: December 14
Source: https://www.guinnessworldrecords.com/world-records/456051-most-expensive-seal-sold-at-auction