Mike Brandly, Auctioneer
Online bidder retraction mechanics
We previously wrote that in an online auction, high bidders have the right (state law) to retract their bids prior to, “Sold!” We also...
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Mike Brandly, Auctioneer
May 5, 20213 min read
Should auctioneers be ethical?
We have held for decades that auctioneers should be ethical — without possibly expressing that exact wish on this platform. We have,...
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Mike Brandly, Auctioneer
May 3, 20213 min read
Commissions, fees, and uncertainty
Auctioneers take on a number of diverse projects — maybe contract bid calling one day, cleaning and readying farm equipment the next day,...
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Mike Brandly, Auctioneer
Apr 30, 20212 min read
Can a government stop an auction?
Most auctioneers in the United States probably don’t think so, but it’s likely any government can stop any auction and/or auction event. ...
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Mike Brandly, Auctioneer
Apr 28, 20213 min read
Is this auctioneer licensed?
It’s early morning Saturday and I’m driving to our auction. I stop at a stoplight and glance over at the car in the next lane. I have a...
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Mike Brandly, Auctioneer
Apr 26, 20212 min read
World record for a one-of-a-kind?
We in the auction business like to say “world record” maybe more than any other occupation. “This sold for a world record,” and “That...
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Mike Brandly, Auctioneer
Apr 22, 20213 min read
Good faith, diligence, reasonableness, and care
Or, if you prefer, I suppose, “Bad faith, negligence, unreasonableness, and carelessness?” As a frequent auction expert witness (over 40...
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Mike Brandly, Auctioneer
Apr 20, 20213 min read
Perfect, flawless … or is it?
We’ve written about this issue numerous times. Something is held to be a certain type, condition … only to be disclaimed by the famous...
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Mike Brandly, Auctioneer
Apr 18, 20213 min read
On any given Sunday …
As one who teaches classes to auctioneers all over the United States, one thing stands out: Many auctioneers are looking for the “one...
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Mike Brandly, Auctioneer
Apr 16, 20213 min read
Auctioneers, cents, and seconds
We sell cars, trucks, boats at auction and have for over 25 years. We charge the hammer price, buyer’s premium and sales tax in order to...
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Mike Brandly, Auctioneer
Apr 13, 20213 min read
Does “No Reserve” mean absolute?
Our phone rings regularly from attorneys all over the world. A few days ago, this particular attorney asked the same question as the...
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Mike Brandly, Auctioneer
Apr 12, 20213 min read
The auction exceeded expectations?
These days we see it all the time: “Our auction exceeded all expectations,” or “The auction was twice what we were expecting.” It’s a...
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Mike Brandly, Auctioneer
Apr 8, 20213 min read
Online bidding and no shipping?
We sell personal property at auction live and online. For our live auctions, pickup of purchases can take place that same day or likely...
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Mike Brandly, Auctioneer
Apr 6, 20213 min read
“Sold!” to the previous online bidder
This issue arises not only in online auctions, but live auctions as well. The high bidder prior to the lot being denoted, “Sold!” wishes...
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Mike Brandly, Auctioneer
Apr 4, 20213 min read
Auctions and disclosing the auction total
We recently wrote about the disclosure of a “sale price” such as one real property or other personal property item. Today, we explore...
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Mike Brandly, Auctioneer
Apr 2, 20213 min read
Are there bad auction laws?
I’ve often said state and federal legislatures don’t do a very good job legislating. Laws are written and/or adopted and then enacted,...
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Mike Brandly, Auctioneer
Mar 31, 20213 min read
Auctions and disclosing the sale price
Kathy is an auctioneer at an onsite real property auction and a good crowd is in attendance. She opens the auction with terms and...
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Mike Brandly, Auctioneer
Mar 29, 20213 min read
Auctioneer: I’m lying but you know it?
Could an auctioneer lie about what is being sold, the high bid, shipping charges, provenance, and a bunch of other stuff and then claim...
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Mike Brandly, Auctioneer
Mar 26, 20212 min read
The auctioneer really doesn’t pay less
We wrote about auctioneers purchasing and not paying any less nor more than anyone else, despite charging commission. That treatise can...
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Mike Brandly, Auctioneer
Mar 24, 20212 min read
There’s no buyer’s premium?
Buyer’s premiums are charges added to the buyer’s “hammer price” to constitute the total purchase price — plus any other costs. In other...
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