Mike Brandly, Auctioneer
Bidding irregularities?
We have sold cars at auction for decades. More recently, those auctions have been online-only. It seems now we have bidders who are...
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Mike Brandly, Auctioneer
Dec 16, 20203 min read
What is “sufficient marketing” for an auction?
Auctions should be advertised (or marketed) sufficiently. As well, auctions should not be advertised insufficiently. So, what’s...
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Mike Brandly, Auctioneer
Dec 15, 20203 min read
Our reserve “rules” we make up
I think I’ve seen almost every rule an auctioneer has for having (and/or not disclosing) the reserve price — including “sellers might or...
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Mike Brandly, Auctioneer
Dec 14, 20203 min read
When is an auction a particularly good decision?
We’ve told countless people that when a seller (owner) has “urgency,” “equity” and “reasonable expectations” that an auction is a perfect...
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Mike Brandly, Auctioneer
Dec 8, 20203 min read
Auctioneers and fine print
As an expert witness in auction cases, I’m seeing more and more fine print — particularly in auction terms and conditions. The thinking...
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Mike Brandly, Auctioneer
Dec 7, 20202 min read
Absolute with a minimum opening
We have written numerous times about without reserve (absolute) auctions coupled with minimum opening bids or minimum bid increments. ...
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Mike Brandly, Auctioneer
Dec 3, 20202 min read
Conflict of interest and net listings
Auctioneers work primarily as agents and for clients (principals) in performing their duties. As such, they would owe loyalty to those...
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Mike Brandly, Auctioneer
Nov 30, 20202 min read
Auctioneers not advertising certain places …
Auctioneers are charged with maximizing their client’s (seller’s) position — raise the most money, clean the warehouse completely out,...
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Mike Brandly, Auctioneer
Nov 27, 20203 min read
Should we let that bidder bid?
It’s a constant struggle — terrifically amplified in online auctions — to decide if we as an auctioneer (and seller) allow any certain...
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Mike Brandly, Auctioneer
Nov 25, 20203 min read
Auction buyer didn’t pay
All auctioneers probably have high bidders (buyers) who refuse to pay. What is an auctioneer to do? It appears the solution is vested...
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Mike Brandly, Auctioneer
Nov 23, 20202 min read
We’ve always done it this way … so what should we do?
We wrote in 2014 that many auctioneers have bad habits and are hesitant to change because they’ve always done it this way: ...
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Mike Brandly, Auctioneer
Nov 20, 20202 min read
Bidders won’t bid past disclosed reserve?
Some auctioneers are telling me that if they disclose the reserve on a property, bidders won’t bid beyond the reserve. I don’t believe...
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Mike Brandly, Auctioneer
Nov 18, 20202 min read
Nobody can shut down my auction business?
Auctioneers are generally hard-working individuals who enjoy a great deal of freedom. Other than licensing in some states and 254 words...
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Mike Brandly, Auctioneer
Nov 16, 20203 min read
Frivolous auction lawsuits
As a frequent auction expert witness, we’ve been privy to some others’ thoughts on suing auctioneers, sellers, and buyers which would...
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Mike Brandly, Auctioneer
Nov 12, 20203 min read
The “Prudential Rule” and “as is”
The Texas Supreme Court heard the case of “Prudential Insurance Co. of America v. Jefferson Associates, Ltd., 896 S.W.2d 156 (Tex. 1995)”...
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Mike Brandly, Auctioneer
Nov 9, 20203 min read
“Most sellers” & reserve prices
I read that “most sellers” are not going to stick to a reserve price — in other words, a seller will say he needs at least $775,000 but...
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Mike Brandly, Auctioneer
Nov 2, 20202 min read
Practicing our auctioneer craft …
There’s nothing quite like bid calling in front of a nice crowd. Nothing quite matches watching people respond to my personality moving...
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Mike Brandly, Auctioneer
Oct 30, 20202 min read
Some auctioneers don’t talk fast
Ask almost anyone — and they’ll tell you that auctioneers, “talk fast.” However, some auctioneers don’t talk fast. Why is that? Where...
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Mike Brandly, Auctioneer
Oct 29, 20202 min read
What page should that be on?
It’s interesting to me that terms and conditions — particularly for real property auctions — keep getting longer and longer. ...
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Mike Brandly, Auctioneer
Oct 27, 20203 min read
Unless the circumstances indicate otherwise
Auctioneers can disclaim warranties for fitness and merchantability regarding property they are putting up for auction … typically by...
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