Mike Brandly, Auctioneer
Auctioneer Continuing Education
Such continuing education for auctioneers is also mandated by the National Auctioneers Association for those who have attained certain...
top of page
Search
Mike Brandly, Auctioneer
May 10, 20113 min read
A “standard” buyer’s premium?
I’m guessing that the word, “standard” is being used in this manner to mean usual, common, or customary. Yet, is the buyer’s premium any...
0 views0 comments
Mike Brandly, Auctioneer
May 5, 20113 min read
How long does an auctioneer have to accept a bid?
Simply put, bidders offer an amount to the auctioneer and the auctioneer then accepts the offer if it exceeds the prior bid amount. Bids...
0 views0 comments
Mike Brandly, Auctioneer
Apr 25, 20112 min read
Proverbs 20:14 at auctions?
Bidders at auctions behave in all kinds of ways. From very serious buyers to others who just come to watch. Our subject today regards one...
0 views0 comments
Mike Brandly, Auctioneer
Apr 21, 20113 min read
The initial bid at an absolute auction
While it is important to note that a few of those states have slightly modified that same state law, all those states basically operate...
0 views0 comments
Mike Brandly, Auctioneer
Apr 19, 20112 min read
Selling choice in an absolute auction?
However, combining an absolute auction with selling choice brings us to an interesting legal question. Our question today regards the...
0 views0 comments
Mike Brandly, Auctioneer
Apr 2, 20115 min read
The net effect of the buyer’s premium
Since Christie’s and Sotheby’s introduced the buyer’s premium in 1975 in England, and soon after (1977) in the United States, the buyer’s...
0 views0 comments
Mike Brandly, Auctioneer
Mar 26, 20115 min read
With reserve auction choices
Auctions are distinctly one of two types in the United States: “With reserve,” or “Without reserve.” If you are considering a “with...
0 views0 comments
Mike Brandly, Auctioneer
Mar 21, 20113 min read
Why is auction case law important?
First, a bit about what case law is in the United States. Case law is one of four sources of law in the United States, and probably the...
0 views0 comments
Mike Brandly, Auctioneer
Mar 20, 20113 min read
The hammer price
More recently, with the advent of sales tax issues, buyer premiums, and other charges added to the final sales price, the term, “hammer...
0 views0 comments
Mike Brandly, Auctioneer
Mar 18, 20113 min read
Unjust enrichment at auction?
It seems every so often a story makes the news such as this: The buyer found over $40,000 in $100 bills taped under the third drawer of...
0 views0 comments
Mike Brandly, Auctioneer
Mar 14, 20113 min read
Is the buyer’s premium a service fee?
Given this argument, we could have a different result in the total due at an auction where a buyer’s premium is charged. For instance: A...
0 views0 comments
Mike Brandly, Auctioneer
Mar 12, 20113 min read
Market gobbledygook
In fact, we coined the term, “prospect of a deal” to explain why people attend auctions. There is also the term, “market value” which is...
0 views0 comments
Mike Brandly, Auctioneer
Mar 11, 20112 min read
Contagion encourages auction purchases
In Yale University’s study, it was noted that celebrities are well regarded, and people may experience positive emotions when they think...
0 views0 comments
Mike Brandly, Auctioneer
Mar 9, 20114 min read
Guarantee & Split Auctions
This arrangement is known as a “guarantee and split” auction. In this type of agreement, the auctioneer guarantees an amount to be paid...
1 view0 comments
Mike Brandly, Auctioneer
Mar 4, 20113 min read
Can friends commit bid rigging?
We wrote about auction bid rigging, also known as auction collusion, some time ago. First, is there a difference between “rig rigging”...
0 views0 comments
Mike Brandly, Auctioneer
Feb 19, 20114 min read
What is auction fraud?
In talking with other auctioneers about fraud, as well as others including auction buyers and sellers, there are considerable differences...
1 view0 comments
Mike Brandly, Auctioneer
Feb 3, 20115 min read
Misleading auction advertising
As an auctioneer, I have written 1,000’s of auction advertisements. As Executive Director of The Ohio Auction School, I have taught...
0 views0 comments
Mike Brandly, Auctioneer
Jan 8, 20114 min read
Is maximizing the absentee bid proper?
Here’s a typical example of what we’re addressing here: Terrell’s Auction House has an auction coming up Monday night and has a 1955...
0 views0 comments
Mike Brandly, Auctioneer
Dec 28, 20104 min read
Old English Auction Case Law
While the United States has developed many such auction and auctioneer laws, English (United Kingdom) courts in the 1700’s and 1800’s...
1 view0 comments
bottom of page