Mike Brandly, Auctioneer
High bidder gets choice …
Almost always, this will be the bidders choice, i.e. their decision which one or more they take for the high bid price each, although it...
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Mike Brandly, Auctioneer
Dec 29, 20092 min read
The Three (3) Types of Auction Contracts
In my post: http://mikebrandlyauctioneer.wordpress.com/2009/12/01/the-essential-elements-of-any-contract/ I mentioned that auctioneers...
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Mike Brandly, Auctioneer
Dec 29, 20092 min read
Aberrant Auction Law, District of Columbia, #3
This is my third “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...
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Mike Brandly, Auctioneer
Dec 27, 20092 min read
Aberrant Auction Law, Indiana, #2
This is my second “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...
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Mike Brandly, Auctioneer
Dec 27, 20093 min read
Aberrant Auction Law, Pennsylvania, #1
This is my first “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...
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Mike Brandly, Auctioneer
Dec 27, 20094 min read
Auction School — A Great Investment
Were any of us born auctioneers? Well – maybe close – in that our father or mother was an auctioneer and we were bid-calling at age 2. ...
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Mike Brandly, Auctioneer
Dec 25, 20093 min read
Auctioneer licensing — good or bad?
Some license in a comprehensive manner and for others it’s more like a permit and/or formality. Some states which have licensing are...
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Mike Brandly, Auctioneer
Dec 20, 20092 min read
Are eBay sellers auctioneers?
About one-half of states license auctioneers on a state-wide basis. Some states require only a fee be paid, while others require...
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Mike Brandly, Auctioneer
Dec 16, 20095 min read
Buyer’s Premium
In fact, it’s not more difficult to find ads that say, essentially, “come to our auction since we don’t charge a buyer’s premium” as it...
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Mike Brandly, Auctioneer
Dec 14, 20092 min read
What is it worth?
Generally, auctioneers conclude that whatever they are selling is worth the most of whatever someone is willing to pay for that item, at...
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Mike Brandly, Auctioneer
Dec 13, 20094 min read
Keeping the bid between two bidders …
Still, some auctioneers take bids in a variety of other methods: Some take a bid from one bidder (Bidder A) and then accept the next bid...
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Mike Brandly, Auctioneer
Dec 11, 20093 min read
Auctions and an Iowa corn field
When do auctions work, and when do they not? If an auctioneer has a small crowd, questions abound as to why? Or, if there is an unusually...
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Mike Brandly, Auctioneer
Dec 10, 20092 min read
Is it always “as-is” at an auction?
Actually, most auctions have some sort of guarantee or warranty. With only a few exceptions, auctioneers warranty clear title — in other...
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Mike Brandly, Auctioneer
Dec 9, 20092 min read
Don’t look for a revival at an auction
However, from the standpoint of bidders, there is no revival of previous bids. This subject occurs when there is an item up for bid, and...
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Mike Brandly, Auctioneer
Dec 7, 20092 min read
Tie Bids — they don’t exist at an auction
When bid calling, there can be only one high bidder who is in contract with the seller (i.e. one seller, one buyer). If it were possible...
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Mike Brandly, Auctioneer
Nov 29, 20094 min read
Absolute = Without Reserve; Without Reserve = Absolute
In theoretical mathematics, if A = B and B = A, then A and B are the same thing, thus this question posed here about absolute auctions....
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Mike Brandly, Auctioneer
Nov 19, 20092 min read
What do auctioneers owe their customers?
It is not the same as “client” as the client has hired us to perform duties on their behalf. Customers, on the other hand, are typically...
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Mike Brandly, Auctioneer
Nov 13, 20095 min read
Absolute Auctions
There is no other aspect of a public auction that attracts attention more than buyers feeling as if they might “get a deal” on something...
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