Mike Brandly, Auctioneer
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 22, 20123 min read
Auctioneers helping auctioneers
In our article today, we hope to expand on the “lending a hand” component of auctioneers helping auctioneers. For purposes of our...
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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 19, 20125 min read
Hiring an auctioneer?
Bob owns a car auction and needs an auctioneer for his new Friday night run. Carla’s father died and she needs an auctioneer to sell his...
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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 12, 20122 min read
What is CAI Next?
CAI graduates have apparently been asking, “What’s next?” says Michael Avery, the National Auctioneers Association Director of Education....
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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 20, 20123 min read
The NAA IAC Final Round Questions ’12
At the 2012 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) recently held Friday, July 20 in Spokane,...
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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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Mike Brandly, Auctioneer
Jul 12, 20123 min read
Absolute? With a guarantee?
An absolute auction strictly means the property is selling to the highest bidder, with no limiting conditions such as a minimum bid,...
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Mike Brandly, Auctioneer
Jul 2, 20123 min read
Auctions: Does the offering cause a desire to own?
Similarly, does the offering at auction cause the brain to fire up and say, “Oh, I want that …?” There is evidence that the answer is,...
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Mike Brandly, Auctioneer
Jun 30, 20123 min read
Auction bidder obstacles
In fact, we coined the phrase “prospect of a deal” some time ago. Yet, despite this powerful draw to an auction, can an auctioneer make...
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Mike Brandly, Auctioneer
Jun 24, 20124 min read
Charity auctioneers charging commissions
In the landmark United States Supreme Court case Lochner vs. New York, 198 U.S. 45 (1905), the Court held that the “liberty of contract”...
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