Mike Brandly, Auctioneer
The “Nominal Opening Bid”
We wrote about issues with auctioneers using an opening bid to suggest a minimum bid a few months ago. That post is here: The Opening...
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Mike Brandly, Auctioneer
May 30, 20103 min read
Seller wants his identity and sales prices kept confidential at auction
It is now 3 years after Mr. Georges Wyatt purchased his long-desired painting. He now wishes to sell the painting at auction, and wants...
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Mike Brandly, Auctioneer
May 28, 20104 min read
Buyer wants his identity and sales price kept confidential at auction
Friday finally arrives, and the subject painting comes up for auction. Mr. Wyatt opens the bid at $100,000 and bidding moves swiftly...
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Mike Brandly, Auctioneer
May 22, 20106 min read
Bid increments at auctions
For example, if a 2009 Case IH Magnum 335 is selling at auction, and the auctioneer has $175,000 is asking for $177,500, then the bid...
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Mike Brandly, Auctioneer
May 15, 20102 min read
Auction: Absolute Over $90,000 Opening Bid?
Quite simply, auctioneers use the word “Absolute” to attract maximum buyer interest. Yet, it is nothing less than misrepresentation when...
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Mike Brandly, Auctioneer
May 14, 20103 min read
What is collusion at an auction?
We ask here, “What is collusion at an auction?” Collusion at an auction can involve bidders (buyers), sellers, and/or auctioneers. ...
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Mike Brandly, Auctioneer
May 13, 20109 min read
Aberrant Auction Law, Kentucky #10
This is my tenth “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
May 6, 20102 min read
Asking for bids before the auction is starting the auction?
The auctioneer goes out to the auction location on Monday, May 17 to take some pictures and finish up the inventory. The neighbor comes...
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Mike Brandly, Auctioneer
May 4, 20103 min read
Aberrant Auction Law, Ohio #9
This is my ninth “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
May 3, 20103 min read
Auctioneers younger than 18?
That amendment granted voting rights to those 18 years or older, altering previous statutes that generally required someone to be 21 to...
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Mike Brandly, Auctioneer
May 2, 20102 min read
Can it sell prior to auction?
Sure. First, when an auction is scheduled — any auction — the seller (owner) has the right to withdraw any item from the auction before...
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Mike Brandly, Auctioneer
May 1, 20103 min read
Offers prior to an auction
This particular loader is in almost new condition and given the features and hours, the owner is expecting to realize about $250,000 for...
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Mike Brandly, Auctioneer
Apr 29, 20103 min read
Questions about stalking horse offers at auction
What is a stalking horse offer at auction? It appears that this is an offer made prior to the auction, to in essence guarantee the seller...
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Mike Brandly, Auctioneer
Apr 25, 20102 min read
Must auctioneer sell him that gun?
As the demand for guns remains strong, auctioneers selling guns are under heightened scrutiny regarding proper procedures and licensing. ...
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Mike Brandly, Auctioneer
Apr 24, 20103 min read
What? Auction where “Third bid buys?”
I’m not sure how to begin this story … other than to say that I had never heard of this type of auction nor this type of bid calling...
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Mike Brandly, Auctioneer
Apr 11, 20104 min read
Absentee Bids
He said, “There were people, including me, that said we would just go to some other auction where we didn’t have to bid against people...
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Mike Brandly, Auctioneer
Apr 10, 20103 min read
What do auctioneers say?
Auctioneers use bid calling to communicate in a legal, entertaining, encouraging manner with bidders who are in attendance at an auction....
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Mike Brandly, Auctioneer
Apr 7, 20102 min read
The auction house lost my stuff
What happens now? The first place these two parties should look to is their contract. Typically, auctioneers and auction houses enter...
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Mike Brandly, Auctioneer
Mar 30, 20103 min read
Selling for less than the reserve?
Yet, some auctioneers sell items for less than these reserve amounts. How can this happen? How it was explained to me was that if the...
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Mike Brandly, Auctioneer
Mar 28, 20103 min read
The auctioneer’s opening remarks
Typically, an auctioneer will introduce himself, or herself, and also introduce the staff, likely note that bidders must register, items...
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