Mike Brandly, Auctioneer
Right of Refusal vs. Reserve Bids
I have noted that Daniel P. West has linked to my blog once if not more times and I appreciate that, and I have linked to his blog in...
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Mike Brandly, Auctioneer
Jun 29, 20222 min read
What if the buyer says he never received?
With more and more shipping of auction purchases, auctioneers occasionally discover that buyers will report they never received their...
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Mike Brandly, Auctioneer
Jun 27, 20222 min read
Your seller “seeing the market?”
Many auctioneers have told me that their favorite type of “with reserve” auction is a seller-confirmation auction — a right to accept or...
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Mike Brandly, Auctioneer
Jun 24, 20223 min read
Auctions, equal footing, binding alike …
Do we as auctioneers have to treat all bidders to the same terms and conditions — in other words, equal footing — and are those terms and...
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Mike Brandly, Auctioneer
Jun 22, 20223 min read
Auctioneers … does shipping matter?
As more auctioneers are selling online, and consumer expectations now include shipping even in many live auction events, auctioneers must...
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Mike Brandly, Auctioneer
Jun 15, 20222 min read
Are Auctioneers Third-Party Settlement Organizations?
With recent changes to 26 U.S. Code § 6050W lowering the threshold for transaction reporting requirements from $20,000 to $600 for...
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Mike Brandly, Auctioneer
Jun 13, 20223 min read
How to win an online auction
It’s supposed to be easy … and most of the time it is. However, things happen: The Internet goes down, the online platform goes down,...
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Mike Brandly, Auctioneer
Jun 11, 20222 min read
At an auction, it “appears” to be …
I’ve said it, primarily because I had heard other auctioneers say it when I attended auctions as an adolescent. For this writing, we’re...
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Mike Brandly, Auctioneer
Jun 8, 20222 min read
Auctioneers claiming “sole discretion”
Auctioneers like having a lot of discretion. Steve Proffitt held auctioneers should have little or no discretion and I tend to agree: ...
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Mike Brandly, Auctioneer
Jun 5, 20222 min read
Auctioneers should and shouldn’t
If I have used a guiding principle in my business as well as writings on this platform, I would say it comes down to two such thoughts:...
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Mike Brandly, Auctioneer
Jun 2, 20223 min read
Settling an auction the day of auction?
One of the first auctions I worked in Columbus, Ohio was a personal property auction conducted by Jack B. Smith, Auctioneer. It was a...
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Mike Brandly, Auctioneer
May 31, 20223 min read
Is it what the auctioneer said it is?
We have written lately and otherwise about auctioneers saying something is “something” and then disclaiming that this same property is...
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Mike Brandly, Auctioneer
May 28, 20222 min read
Irreconcilable E&O Disclaimers
The UCC § 2-316 is often cited in regard that auctioneers can disclaim an express warranty. For instance, I can say I’m selling a Vincent...
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Mike Brandly, Auctioneer
May 25, 20223 min read
Auctioneer escrow accounts
We would suggest every auctioneer has an escrow account (sometimes called a special account or trust account) for other people’s money —...
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Mike Brandly, Auctioneer
May 23, 20222 min read
New York City auction licensing
The New York Times published an article on May 3, 2022, titled “New York City Eliminates the Rules That Govern Art and Other Auctions.“ ...
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Mike Brandly, Auctioneer
May 21, 20222 min read
This $87.8 million mansion went to auction?
A mansion (not the above mansion) went to auction and the high bid was $45.76 million. A news headline thereafter read that a “$87.8...
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Mike Brandly, Auctioneer
May 18, 20222 min read
Do you have to auction … anything?
We have run an auction house since 1999. In that time, we’ve learned that there are some who attempt to treat these types of...
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Mike Brandly, Auctioneer
May 16, 20223 min read
Must, shall, should, will, may …
Auctioneers are confronted with any number of laws. Legislators author bills that become law when a governor or the President signs (or...
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Mike Brandly, Auctioneer
May 9, 20222 min read
Auctioneers: Yes, yep, yeah, yup … or what?
Ringmen (and ring women) often have to communicate that a bid has been offered by a bidder so that the auctioneer notes such a bid. To...
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Mike Brandly, Auctioneer
May 3, 20223 min read
Properly setting up … buy backs?
I know it happens, particularly in the online auction world, but the public (other bidders) detest the practice. You consign your...
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