Mike Brandly, Auctioneer
Auctioneers … it’s A/B testing, not A testing
The widely held definition of A/B Testing is: A/B testing is a controlled experiment with two variants, A and B. It is a form of...
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Mike Brandly, Auctioneer
Jun 11, 20182 min read
Rarity and value in the auction business
But what about that picture of your grandfather standing on the beach in Hawaii in 1936? There’s only one of these pictures so it too is...
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Mike Brandly, Auctioneer
Jun 6, 20182 min read
Absolute with bid then retraction
An attorney called and asked me if his client-auctioneer had to right to withdraw a property after receiving a bid on the property in an...
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Mike Brandly, Auctioneer
Jun 4, 20182 min read
Auctions: Fast, Fun & Transparent
National Auctioneers Association events. Auctions are fast, fun and transparent. Today, we explore what those words mean when referring...
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Mike Brandly, Auctioneer
Jun 1, 20182 min read
Auction bidders are told they “may have won?”
In fact, we proposed some time ago that “may” may be the worst word to use in the auction industry: https://mikebrandlyauctioneer.wordpr...
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Mike Brandly, Auctioneer
May 30, 20183 min read
What is all this auction “jargon?”
https://mikebrandlyauctioneer.wordpress.com/2018/05/11/the-public-and-auction-jargon/ Today, we explore some of the most common auction...
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Mike Brandly, Auctioneer
May 28, 20182 min read
Reasonable expectation of privacy at auction
https://mikebrandlyauctioneer.wordpress.com/2016/02/17/seller-and-buyer-identity-at-auction/ However, certainly here in 2018 there is an...
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Mike Brandly, Auctioneer
May 22, 20183 min read
Benefit auctions and auctioneer escrow accounts
https://mikebrandlyauctioneer.wordpress.com/2016/09/05/tax-issues-at-a-benefit-auction/ Our analysis today involves when the auctioneer...
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Mike Brandly, Auctioneer
May 16, 20183 min read
Misunderstanding effects of buyer’s premiums …
Some auctions/auctioneers charge a buyer’s premium, and some do not. There is no right or wrong about charging a buyer’s premium — but...
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Mike Brandly, Auctioneer
May 14, 20183 min read
Seller bidding beyond reserve?
https://mikebrandlyauctioneer.wordpress.com/2009/11/15/different-types-of-auctions/ The right for the seller to bid — outside of a forced...
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Mike Brandly, Auctioneer
May 11, 20182 min read
The public and auction jargon …
The solution often offered is to eliminate jargon when possible, and use more easily, commonly used words or phrases. Yet, I wonder if...
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Mike Brandly, Auctioneer
May 8, 20182 min read
Advertising real property at auction & fair housing
As a general rule, real property auction advertisements should describe the property’s amenities and features, rather than...
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Mike Brandly, Auctioneer
May 7, 20182 min read
Online-only auction starts to close … and we have a problem
This would mean that 142 lots are already sold, and 358 lots are not sold. The auctioneer running the online-only auction extends the...
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Mike Brandly, Auctioneer
May 4, 20182 min read
Auctioneers and antique firearms
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) regulates what is an antique firearm and their definition is as follows;...
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Mike Brandly, Auctioneer
May 2, 20182 min read
How do we know online bidders are real?
Such a bird’s-eye view of this issue would include questions such as, “How do we know that live bidder is real?” “How do we know that car...
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Mike Brandly, Auctioneer
Apr 30, 20183 min read
Disclosing the seller can bid at auction …
UCC 2-328. Here are those last two sentences: (4) If the auctioneer knowingly receives a bid on the seller’s behalf or the seller makes...
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Mike Brandly, Auctioneer
Apr 25, 20182 min read
Auctioneers and felonies
We have issues in the United States regarding people who have committed crimes — denying them licensing, the right to vote, the right to...
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Mike Brandly, Auctioneer
Apr 23, 20182 min read
Maybe selling absolute with binding opening bid?
In a without reserve auction, after the auctioneer calls for bids on a property, that property cannot be withdrawn unless no bid is made...
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Mike Brandly, Auctioneer
Apr 19, 20183 min read
Extraordinary liquidated damages in auction contract
Apparently, this auctioneer had (and maybe still has) severe financial penalties in his contract with his seller payable to him — in the...
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Mike Brandly, Auctioneer
Apr 16, 20182 min read
Auction marketing words matter
However, it seems once we as auctioneers removed the word, “Auction” or words, “Public Auction” from prominent spots in our advertising,...
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