Mike Brandly, Auctioneer
The opening bid incentive
For instance, say a [thought-to-be] $10,000,000 property is up for auction. The auctioneer says that he will pay a 13% opening bid...
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Mike Brandly, Auctioneer
Jul 16, 20192 min read
Bidder is registered but we won’t take his bid?
https://mikebrandlyauctioneer.wordpress.com/2016/06/28/does-a-bid-number-grant-the-right-to-bid/. Today’s topic involves an auctioneer...
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Mike Brandly, Auctioneer
Jul 5, 20192 min read
Online auction providers and those late to the game
However, several years later, this platform and others evolved into connecting sellers with bidders/buyers directly with no traditional...
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Mike Brandly, Auctioneer
Jul 3, 20192 min read
Auction bidders pay more when warm?
Our analysis is here, contrasting live auctions with online auctions: https://mikebrandlyauctioneer.wordpress.com/2012/05/01/auction-atmo...
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Mike Brandly, Auctioneer
Jun 27, 20192 min read
Is it fraudulent inducement or not?
https://mikebrandlyauctioneer.wordpress.com/2018/06/21/that-other-bidder-and-fraudulent-inducement/. Most materially, we noted here that...
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Mike Brandly, Auctioneer
Jun 25, 20192 min read
Setting the bid in …
https://mikebrandlyauctioneer.wordpress.com/2017/04/13/should-the-auctioneer-set-the-bid-in/. For instance, “I have $500 and want $550...
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Mike Brandly, Auctioneer
Jun 19, 20192 min read
Farmers stand together so 80 acre farm goes for one bid?
https://mikebrandlyauctioneer.wordpress.com/2018/08/29/one-bid-and-200-other-bidders-stand-in-silence/. In that treatise, we suggested...
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Mike Brandly, Auctioneer
Jun 17, 20193 min read
We have a big mailing list and a large database of bidders …
However, today we focus on that “big mailing list and large database of bidders” in that what difference does that make? In other words,...
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Mike Brandly, Auctioneer
Jun 13, 20193 min read
… it doesn’t sell so we put it on eBay?
eBay so that “… unsold auction goods automatically list on eBay and are optimized for visibility. It’s a unique marketing tool that...
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Mike Brandly, Auctioneer
Jun 11, 20192 min read
Auctioneers holding that microphone
Why enter an auctioneer contest https://mikebrandlyauctioneer.wordpress.com/2015/01/01/why-enter-an-auctioneer-contest/ How to win an...
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Mike Brandly, Auctioneer
Jun 7, 20193 min read
When can the seller bid without recourse?
Specifically, this was first codified as state law in the Uniform Sales Act (3) and (4) in 1906. Once the Uniform Commercial Code (UCC)...
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Mike Brandly, Auctioneer
Jun 3, 20192 min read
Auctioneer licensing and auction lawsuits
After my presentation, one of the Committee members asked me if there appeared to me to be a correlation between the lack of licensing...
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Mike Brandly, Auctioneer
May 31, 20192 min read
Are online auctions going away? Probably …
Every seller of insurance, groceries, legal services, clothing, rental cars, airlines, hotels, vehicles … is trying to find how (or...
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Mike Brandly, Auctioneer
May 28, 20192 min read
Auctioneers poaching auctioneers
Basically, the poacher creates a Google ad and puts his competitors’ company names in as keywords — so that when someone searches in...
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Mike Brandly, Auctioneer
May 13, 20192 min read
Should I post that on Facebook — or anywhere?
https://mikebrandlyauctioneer.wordpress.com/2017/02/10/hiring-auctioneers-and-social-media/. Recently we noted this again in regard to...
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Mike Brandly, Auctioneer
May 9, 20192 min read
Intent: Direct and circumstantial evidence in auction cases
Here’s one of those prior writings: https://mikebrandlyauctioneer.wordpress.com/2015/11/27/genuine-intent-to-transfer-to-the-highest-bid...
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Mike Brandly, Auctioneer
May 7, 20193 min read
Hiring an auctioneer — is it price or value?
… A fraction of 1% saved in power transmitted soon pays the cost difference between a poor belt and a good one. One breakdown may wipe...
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Mike Brandly, Auctioneer
May 3, 20192 min read
Number of bidders, competition, intensity, willingness … to bid?
https://mikebrandlyauctioneer.wordpress.com/2019/04/01/auctioneers-alpha-and-beta-and-more/. Our thinking comes from conducting thousands...
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Mike Brandly, Auctioneer
Apr 30, 20192 min read
Is it simply “as-is” with inspection and/or a “return policy?”
First, if you as an auctioneer are selling property “as-is” and “where-is” then you need to allow bidders reasonable opportunity to...
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Mike Brandly, Auctioneer
Apr 26, 20192 min read
Auction super precedents
We discussed if there were any other cases which would help or hurt her client’s claims and there really aren’t any of material nature. ...
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