Mike Brandly, Auctioneer
An auction that is both with AND without reserve?
First, let me clarify that this term “auction” here is just one lot, rather than the term “auction event” consisting of all the lots as...
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Mike Brandly, Auctioneer
Mar 18, 20192 min read
Puffing and bids in bad faith
Said another way, in a forced sale where most hold that anyone can bid including the seller, can any bids be considered in bad faith? My...
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Mike Brandly, Auctioneer
Mar 14, 20193 min read
Bids per lot? Number of bidders placing bids?
I asked for an opening bid of $1,000 and dropped down to $500 when a known-silver-buyer opened the bid at $300. I asked $350 and got it,...
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Mike Brandly, Auctioneer
Mar 11, 20192 min read
The $1,300,000 or $1,510,000 bull
Schaff Angus Valley as the seller retained possession of the bull and 20% of the semen rights, with the buyer (Herbster Angus Farms)...
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Mike Brandly, Auctioneer
Mar 7, 20193 min read
Auctioneers and “the” law versus “that” law
Stanley Forman Reed — without a law degree — serving as Associate Justice of the Supreme Court of the United States, 1938 – 1957 Our...
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Mike Brandly, Auctioneer
Mar 5, 20192 min read
A President and shill bidding
Vox. Apparently President Trump asked his longtime lawyer Michael Cohen to secure a fake bidder to purchase a painting of the President...
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Mike Brandly, Auctioneer
Feb 27, 20192 min read
When is a seller’s bid a shill bid?
What is shill bidding? Shill bidding is generally any bidding which lacks the “genuine intent to purchase” and rather bidding in order...
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Mike Brandly, Auctioneer
Feb 25, 20193 min read
Live, online-only or simulcast?
First, is an auction (live, simulcast and/or online-only) suitable at all? Generally, we have held that auctions are suitable [only]...
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Mike Brandly, Auctioneer
Feb 22, 20192 min read
Is your absolute auction being advertised/conducted as such?
First of all — why would any auctioneer not want the public to know an auction is indeed absolute? The words “absolute” or “without...
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Mike Brandly, Auctioneer
Feb 20, 20193 min read
Online auction bidders don’t read?
Terms and conditions of an auction [particularly online-only or simulcast] might say, “No shipping,” “15% Buyer’s premium,” “$20 handling...
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Mike Brandly, Auctioneer
Feb 13, 20193 min read
What’s faster? Live auction or online auction?
Live auctioneers can sell 2-3-4 lots of personal property a minute. Let’s say the average lot takes 25 seconds — so they sell in 25...
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Mike Brandly, Auctioneer
Feb 11, 20193 min read
“As-is” and should have known
ALL HORSES ARE SOLD AS IS WITH ALL FAULTS AND DEFECTS. The buying and selling of horses, especially horses purchased to serve as...
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Mike Brandly, Auctioneer
Feb 7, 20192 min read
Our auction had more views …
We know far more about this online auction than this antiquated live auction, right? Maybe. Did you know that the 286 of the 450...
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Mike Brandly, Auctioneer
Feb 4, 20193 min read
What if the seller bids first in an absolute auction?
Our analysis today regards the seller bidding in an absolute auction — and in particular if the seller bids first. Within the few legal...
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Mike Brandly, Auctioneer
Jan 28, 20192 min read
Can my auctioneer just “walk away?”
Auctioneers are agents for their sellers. As such, they can renunciate (quit, give up) their appointed duties. As attorney Lee D....
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Mike Brandly, Auctioneer
Jan 23, 20193 min read
Auctioneer opinions?
Mike Brandly, Opening Speaker, Ohio Auctioneers Association Conference 2019, Columbus, Ohio Seemingly everyone has an opinion about...
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Mike Brandly, Auctioneer
Jan 21, 20191 min read
Auctioneer licensing might be changing
Further, it’s being stated that licensing in many cases creates unreasonable barriers to conducting business. The Institute for Justice...
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Mike Brandly, Auctioneer
Jan 18, 20193 min read
The threat to live (all) auctions
If there is a real threat to consider here, it’s the threat to all auctions, not only one type. As we’ve written before … in 2003 the...
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Mike Brandly, Auctioneer
Jan 14, 20192 min read
Auctioneer says this guy is a deadbeat?
For the most part, this is really good information in that other auctioneers can take note, and take precautions to avoid the same these...
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Mike Brandly, Auctioneer
Jan 9, 20192 min read
Auctioneers and the standard of care
Today, we explore what standard of care any auctioneer has regardless of how they hold themselves out to the public. We answer a...
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