Mike Brandly, Auctioneer
The NAA IAC Final Round Questions ’15
At the 2015 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) recently held Friday, July 17 in Addison,...
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Mike Brandly, Auctioneer
Jul 7, 20152 min read
NAA Designation Prerequisite Course
Good advice I’d say. If you are a member of the National Auctioneers Association or not, you can benefit from taking the NAA’s...
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Mike Brandly, Auctioneer
Jun 25, 20152 min read
Auctioneers and signs
Auctioneers use a variety of marketing platforms — techniques — to advertise and promote property. Today, auctioneers use newspapers,...
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Mike Brandly, Auctioneer
Jun 22, 20153 min read
Gun buyer at auction is denied
Federal Firearms Licensee (FF.) The buyer fills out the ATF Form 4473 and subsequently is denied possession of the gun. Upon denial, the...
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Mike Brandly, Auctioneer
Jun 14, 20153 min read
The murky auction market?
While world record prices are widely celebrated, some question the prices — some question the process. Picasso’s “Women of Algiers...
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Mike Brandly, Auctioneer
Jun 8, 20153 min read
Auctioneers profiting from illegal seller bidding?
This penalty might be a fixed amount above the sale price, and/or an increased commission. Specifically, let’s say an auctioneer’s...
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Mike Brandly, Auctioneer
Jun 3, 20154 min read
Changing the “type” of auction
The seller has informed his auctioneer that he is willing to sell his prized framed painting for $150,000, at his upcoming auction, and...
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Mike Brandly, Auctioneer
Jun 1, 20152 min read
With reserve with a reserve
As I’ve noted over the years, there are only two types of auctions — with reserve and without reserve. We discussed in more detail here:...
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Mike Brandly, Auctioneer
May 27, 20153 min read
How long is a bid a bid?
For example, an auctioneer saying, “Somebody start me out at $500,000 …” is a suggestion — an invitation to offer $500,000. If a bidder...
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Mike Brandly, Auctioneer
May 15, 20153 min read
Auctioneers and bulk sale laws
In the case of a business closing or the like, the auction itself may be subject to the “bulk sale” laws in the United States. Bulk sale...
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Mike Brandly, Auctioneer
May 12, 20152 min read
What if the seller bids first?
In a somewhat modest legal case, an attorney informed me that he represented a buyer who felt injured by the seller bidding against him...
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Mike Brandly, Auctioneer
May 5, 20152 min read
Auctioneers & no-sale (no-performance) fees
Auctioneers are also sometimes paid when property doesn’t sell. Paid when property doesn’t sell? Yep, even when it doesn’t sell....
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Mike Brandly, Auctioneer
May 1, 20153 min read
As-is and fairness
Many cars selling at auction sell, “as-is” and “where-is” and essentially include terms that the bidders are to not rely on any...
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Mike Brandly, Auctioneer
Apr 29, 20153 min read
Can an auctioneer say, “Sold!” and not mean it?
This typically involves promises between buyer and seller to provide the subject property to the high bidder and making the related...
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Mike Brandly, Auctioneer
Apr 24, 20152 min read
The Fast Talking Podcast
Andy Imholte has done an outstanding job of bringing quality audio podcasts to the auctioneer community. His website...
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Mike Brandly, Auctioneer
Apr 6, 20152 min read
Auction performance fees
Late 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...
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Mike Brandly, Auctioneer
Mar 30, 20155 min read
Auctioneers and religious freedom
Relatedly, in the United States, religious freedom is … as referred to by the First Amendment to the Constitution [December 15, 1791:]...
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Mike Brandly, Auctioneer
Mar 25, 20153 min read
Two types of auctioneer regulators
I am currently consulting with an attorney in a far southern state about their auction laws and a related court case. Yesterday, she...
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Mike Brandly, Auctioneer
Mar 18, 20153 min read
13 things the UCC 2-328 doesn’t [quite] answer
It remains today the most misunderstood 254 words in the auction world — by far. The UCC 2-328 says lots of things: There are only two...
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Mike Brandly, Auctioneer
Mar 11, 20152 min read
Auctioneers & the first-sale doctrine
This cornucopia of auction offerings sometimes includes copyrighted and/or trademarked property — such as a book, which clearly denotes...
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