Mike Brandly, Auctioneer
Why didn’t it sell at auction?
A large real estate firm is holding a ballroom auction of bank owned properties, and about 40% don’t sell after being put up for auction....
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Mike Brandly, Auctioneer
Jan 19, 20114 min read
Better Mind Your Bidders
The article further noted four major points about online-only auctions, noted below:• A “soft” close provides last-second bidders with no...
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Mike Brandly, Auctioneer
Jan 13, 20113 min read
Does one auction purchase spur another?
Tim is an auctioneer in Florida. His once-a-month antiques and collectibles auction is about to begin. This particular auction has a...
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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...
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Mike Brandly, Auctioneer
Jan 1, 20113 min read
Does order of sale matter?
One comment Walter would make to me almost every week at our auctions was, “You’re selling all your good stuff first … you’re going to...
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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...
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Mike Brandly, Auctioneer
Dec 25, 20102 min read
Auctioneer says sold for wrong amount?
To generalize the question at issue, let’s say an auctioneer is selling real property at auction, and the bidding goes as such: ...
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Mike Brandly, Auctioneer
Dec 23, 20102 min read
Auctions & Holidays
For instance, can a successful public auction be held July 4, Father’s Day, Thanksgiving Day, New Year’s Day, Mother’s Day, Easter, or on...
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Mike Brandly, Auctioneer
Dec 21, 20104 min read
What is a Penny Auction?
Saturday arrives, and Sarah goes out to her car in order to drive to her weekend destination. She pulls up to a parking place just...
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Mike Brandly, Auctioneer
Dec 20, 20104 min read
Should the reserve be disclosed?
Marvin wishes to consign his 2009 Jaguar XF Coupe to the local auto auction. Marvin paid about $59,000 for this car about a year ago,...
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Mike Brandly, Auctioneer
Dec 19, 20103 min read
Item at auction is, but maybe not?
So, that 1889-CC Morgan Silver Dollar is MS-60, but maybe not? This could just as well be a parcel of land, a piece of commercial...
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Mike Brandly, Auctioneer
Dec 9, 20103 min read
Two auctioneers book the same auction?
One such instance was in 1983, when an auctioneer in Indiana opened the Sunday newspaper to see that he and another auctioneer in that...
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Mike Brandly, Auctioneer
Nov 30, 20102 min read
Auction or sale?
It is an auction or is it a sale? While they’re all technically auctions, many in the auction business use the word, sale instead of...
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Mike Brandly, Auctioneer
Nov 25, 20103 min read
What is shill bidding?
So what is shill bidding? Let’s look first at the word, “shill.” Shill means basically to falsely advocate a position in attempts to...
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Mike Brandly, Auctioneer
Nov 19, 20102 min read
When the auctioneer says, “Sold!”
What does it mean when the auctioneer says, “Sold!?” In the United States, contract law is fairly clear that upon the declaration of...
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Mike Brandly, Auctioneer
Sep 26, 20103 min read
What is the difference between an auctioneer and a bid caller?
For our discussion, we are referring to bid calling as the usually rapid oral exchange with bidders, accepting bids, and asking for...
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Mike Brandly, Auctioneer
Sep 26, 20103 min read
Calling bids does not make one an auctioneer?
Let’s say Trisha graduates from high school, and decides to start her own company. She is proficient with computers and programming, and...
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Mike Brandly, Auctioneer
Sep 21, 20103 min read
Low starting prices = higher sale prices at auction
Thus the conclusion of the study titled “Starting Low but Ending High: A Reversal of the Anchoring Effect in Auctions“ by Gillian Ku,...
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Mike Brandly, Auctioneer
Sep 18, 20103 min read
Auction buyer abandonment
The Buyer has no right of abandonment whatsoever. The Buyer agrees to remove all purchased property from the Auction Site within the...
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Mike Brandly, Auctioneer
Sep 9, 20103 min read
Real property has no value at all?
Among the 1,000’s of real property auctions occurring every day in the United States, there are some properties that are garnering no...
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