Mike Brandly, Auctioneer
Auction contract with binding (or nonbinding) arbitration
As well, we’ve written about the types of contracts auctioneers enter into, or are materially involved in supervising. Two such articles...
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Mike Brandly, Auctioneer
Sep 23, 20123 min read
Solely for the purpose of increasing the bid?
In fact, she has over 200 in her collection and they are all on display in her home, barn and garage. Natalie began her interest in...
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Mike Brandly, Auctioneer
Sep 19, 20123 min read
Auctioneers & 18 U.S.C. § 704
The United States Congress wrote a statute, later to be referenced as 18 U.S.C. § 704, prohibiting the unauthorized wearing,...
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Mike Brandly, Auctioneer
Sep 14, 20122 min read
The UCC 2-328 and the withdraw’s missing noun?
In that time, I have covered each word of the UCC 2-328 (all 254 words) hundreds of times, to groups as large as 170 attendees in one...
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Mike Brandly, Auctioneer
Sep 11, 20122 min read
Seller withdrawal; excessive penalties
She wishes to withdraw some consigned firearms, and place reserves on others, after signing a without reserve auction contract with an...
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Mike Brandly, Auctioneer
Sep 9, 20123 min read
Auctioneer says you can withdraw with penalty?
Claire decided after consigning some firearms, she wished to withdraw some of them, and place reserves on some otherwise selling without...
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Mike Brandly, Auctioneer
Sep 4, 20122 min read
Handheld microphones & directionality
In fact, we’ve recommended that every auctioneer always use a sound system when bid calling. Auctioneers generally use either a...
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Mike Brandly, Auctioneer
Sep 3, 20123 min read
Seller withdrawal or auctioneer withdrawal?
The auctioneer she chose was a Federal Firearms Licensee (FFL) with an auction facility near Louisville, Kentucky. With the auction day...
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Mike Brandly, Auctioneer
Aug 31, 20123 min read
The disguised effect of a reserve
During Adam’s tenure at Dale Motor Cars, Adam purchased over 15 cars for his personal collection. Adam stored most of his cars in his...
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Mike Brandly, Auctioneer
Aug 28, 20122 min read
Do “valuable” items require reserves?
Yet, on an appointment today, after I explained the merits of selling personal property absolute, I heard: “That’s real valuable, so I’ll...
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Mike Brandly, Auctioneer
Aug 26, 20123 min read
Online auctioneers using the same photos for different items?
Obviously, at a live auction, bidders can see the property for themselves; and in that live environment, the human eye can isolate 10-12...
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Mike Brandly, Auctioneer
Aug 20, 20123 min read
The 29 things that should be in an auctioneer’s contract with a seller
Every time, no exceptions. This contract (and the particulars of such) may be mandated by state law. Every auctioneer is advised to seek...
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Mike Brandly, Auctioneer
Aug 15, 20123 min read
I don’t need an auctioneer’s license …
Most of those who do — license in a statewide-fashion, while the others license by county, region or product segment. However, in these...
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Mike Brandly, Auctioneer
Aug 5, 20124 min read
Obligate backup bidder until high bidder signs?
For the most part, Harry’s real estate auctions have led to successful closings — with generally happy buyers and happy sellers. However,...
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Mike Brandly, Auctioneer
Aug 1, 20123 min read
Secret second auctions
In brief, it is an illegal agreement involving bid rigging and price suppression, in violation of law inclusive of the Sherman Antitrust...
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Mike Brandly, Auctioneer
Jul 29, 20123 min read
English auction versus sealed bid and Dutch auctions
English auctions Sealed bid auctions Dutch auctions In analyzing these three types, we first start with our definition of each: An...
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Mike Brandly, Auctioneer
Jul 26, 20122 min read
Auctioneers managing bidder expectations
How does the bidder (customer) feel about participating in the auction? What is the likelihood the customer will participate in this...
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Mike Brandly, Auctioneer
Jul 26, 20123 min read
Auctioneers managing seller expectations
How did the seller (client) feel about the results? What is the likelihood the client will hire this auctioneer again, and/or recommend...
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Mike Brandly, Auctioneer
Jul 25, 20123 min read
Auctioneers and appraising
One such discussion was published in 2011: Auctioneers as appraisers. Today, we discuss more, “how not to appraise” property — how not...
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Mike Brandly, Auctioneer
Jul 17, 20123 min read
Who else was bidding?
Many bidders and buyers, such as Ned, have often wondered the identity of the other bidders. Buyers in particular often wonder who else...
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