Mike Brandly, Auctioneer
Unfair, unreasonable, inequitable … what does it all mean?
Shortly thereafter our first blog, fellow blogger extraordinaire and good friend Aaron Traffas wrote about our undertaking: ...
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Mike Brandly, Auctioneer
Jan 2, 20182 min read
Who is the seller? We have that information …
A New York case in 2012 that shocked the auction industry was fortunately overturned recently. The subject involved the necessity to...
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Mike Brandly, Auctioneer
Dec 28, 20173 min read
Auctions with lost, misplaced and/or abandoned property
Property is generally deemed to have been … Lost if it is found in a place where the true owner likely did not intend to set it down, and...
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Mike Brandly, Auctioneer
Dec 21, 20173 min read
… but my seller cashed the check
Most recently, an inquiry involved a breach of contact of sorts — where the auctioneer did not follow the legal expressed wishes of his...
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Mike Brandly, Auctioneer
Dec 18, 20172 min read
Can your bidder’s offer (bid) be irrevocable?
https://mikebrandlyauctioneer.wordpress.com/2014/08/11/bid-calling-is-just-numbers/ A twist on this offer and acceptance is that some...
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Mike Brandly, Auctioneer
Dec 11, 20172 min read
Selling absolute mandates you “reopen bids?”
However, does selling absolute mandate you reopen the bid if another bid comes in as the hammer is falling, after the hammer falls, after...
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Mike Brandly, Auctioneer
Dec 7, 20172 min read
Absolute and the high bidder isn’t the buyer?
If you don’t, your seller is open to a lawsuit by the high bidder seeking specific performance. In other words, the high bidder (even if...
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Mike Brandly, Auctioneer
Dec 4, 20173 min read
Auctioneer may establish reasonable bid increments?
We have been discussing “cut bids” (most notably here: https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-h...
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Mike Brandly, Auctioneer
Dec 1, 20172 min read
Can auctioneers ignore bids?
It’s important for auctioneers to understand that first — they are typically agents for the seller (unless they are the seller,) and not...
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Mike Brandly, Auctioneer
Nov 27, 20172 min read
What exactly does selling at absolute auction mean?
On the contrary, selling without reserve means the seller has the genuine intent to transfer to the highest bidder regardless of price as...
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Mike Brandly, Auctioneer
Nov 24, 20173 min read
Negotiating with a “cut” bidder
www.fasttalkingpodcast.com — about cut bids (https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-have-to-take...
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Mike Brandly, Auctioneer
Nov 21, 20172 min read
As the auctioneer, do you have to take a “cut” bid?
This cut bid in our example is an offer, and our question involves if the auctioneer/seller must accept it. The answer depends upon the...
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Mike Brandly, Auctioneer
Nov 16, 20173 min read
At auction, can we force sellers to sell? Buyers to buy?
Our subject today involves when there is a breach of contract (as an auctioneer has announced, “Sold!” — for instance) and then the...
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Mike Brandly, Auctioneer
Nov 9, 20172 min read
The UCC 2-328 Sentence #9 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #9,...
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Mike Brandly, Auctioneer
Nov 6, 20172 min read
The UCC 2-328 Sentence #8 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #8,...
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Mike Brandly, Auctioneer
Nov 2, 20172 min read
The UCC 2-328 Sentence #7 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #7,...
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Mike Brandly, Auctioneer
Oct 30, 20173 min read
The UCC 2-328 Sentence #6 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #6,...
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Mike Brandly, Auctioneer
Oct 19, 20172 min read
The UCC 2-328 Sentence #5 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #5,...
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Mike Brandly, Auctioneer
Oct 16, 20172 min read
The UCC 2-328 Sentence #4 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #4,...
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Mike Brandly, Auctioneer
Oct 12, 20173 min read
The UCC 2-328 Sentence #3 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #3,...
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