Mike Brandly, Auctioneer
The Backup Bidder?
That complete blog is here: http://mikebrandlyauctioneer.wordpress.com/2010/01/03/high-bidder-gets-choice/ Many times across the United...
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Mike Brandly, Auctioneer
Jan 3, 20104 min read
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 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 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 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
Dec 3, 20091 min read
Can the auction bidder say, “Never mind?”
The short answer to this is, Yes. As referenced in several of my articles here, including most notably Does bid calling form contracts?,...
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Mike Brandly, Auctioneer
Dec 1, 20092 min read
The essential elements of any contract
Competent parties Mutual assent Consideration Competent parties means that both parties to the contract are competent. Competency...
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Mike Brandly, Auctioneer
Nov 27, 20093 min read
Auction seller won’t agree to the sale
This does happen also, but not nearly as often as a buyer not performing. What we have in this case is a seller who, after the...
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Mike Brandly, Auctioneer
Nov 23, 20093 min read
Auction buyer won’t pay
First, it does matter if the transaction involves real property or personal property. Each are handled in very different ways due to the...
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Mike Brandly, Auctioneer
Nov 20, 20092 min read
Does bid calling form contracts?
When an auctioneer says, “I have $10, and I’d like $15,” he is stating that he currently has his seller in contract with a particular...
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