Mike Brandly, Auctioneer
Auctions and equitable servitude
Albert is coincidentally 85 years old and has always told himself that when he reached that age he would sell his property to the county...
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Mike Brandly, Auctioneer
Jul 20, 20152 min read
An absolute auction with a minimum qualifying deposit
We were discussing absolute auctions at the NAA Conference & Show in Addition, Texas July 14-18, 2015. Our discussion involved that...
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Mike Brandly, Auctioneer
Jun 25, 20152 min read
Auctioneers and signs
Auctioneers use a variety of marketing platforms — techniques — to advertise and promote property. Today, auctioneers use newspapers,...
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Mike Brandly, Auctioneer
Jun 14, 20153 min read
The murky auction market?
While world record prices are widely celebrated, some question the prices — some question the process. Picasso’s “Women of Algiers...
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Mike Brandly, Auctioneer
Jun 8, 20153 min read
Auctioneers profiting from illegal seller bidding?
This penalty might be a fixed amount above the sale price, and/or an increased commission. Specifically, let’s say an auctioneer’s...
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Mike Brandly, Auctioneer
Jun 3, 20154 min read
Changing the “type” of auction
The seller has informed his auctioneer that he is willing to sell his prized framed painting for $150,000, at his upcoming auction, and...
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Mike Brandly, Auctioneer
Jun 1, 20152 min read
With reserve with a reserve
As I’ve noted over the years, there are only two types of auctions — with reserve and without reserve. We discussed in more detail here:...
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Mike Brandly, Auctioneer
May 27, 20153 min read
How long is a bid a bid?
For example, an auctioneer saying, “Somebody start me out at $500,000 …” is a suggestion — an invitation to offer $500,000. If a bidder...
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Mike Brandly, Auctioneer
May 22, 20152 min read
Nobody goes to live auctions anymore …?
I’m blessed to have Peter Gehres, Laura Mantle and Patrick Brown along with other great auctioneers and staff to handle things in my...
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Mike Brandly, Auctioneer
May 12, 20152 min read
What if the seller bids first?
In a somewhat modest legal case, an attorney informed me that he represented a buyer who felt injured by the seller bidding against him...
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Mike Brandly, Auctioneer
May 5, 20152 min read
Auctioneers & no-sale (no-performance) fees
Auctioneers are also sometimes paid when property doesn’t sell. Paid when property doesn’t sell? Yep, even when it doesn’t sell....
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Mike Brandly, Auctioneer
Apr 29, 20153 min read
Can an auctioneer say, “Sold!” and not mean it?
This typically involves promises between buyer and seller to provide the subject property to the high bidder and making the related...
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Mike Brandly, Auctioneer
Apr 27, 20152 min read
Auction marketing — push or pull?
This advertising was sometimes augmented with mailings (postcards, letters and catalogs) along with signs and putting up fliers around...
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Mike Brandly, Auctioneer
Apr 24, 20152 min read
The Fast Talking Podcast
Andy Imholte has done an outstanding job of bringing quality audio podcasts to the auctioneer community. His website...
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Mike Brandly, Auctioneer
Apr 20, 20153 min read
The auction crowd appraisal
Saturday arrives and a huge crowd has assembled, mostly around this ’57 Cadillac. Lyle has been wondering for over a week what the car...
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Mike Brandly, Auctioneer
Apr 13, 20153 min read
Value anchoring in the auction business
You can listen to an auctioneer value anchoring at virtually any live auction in the United States any day of the week at over 2,500 live...
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Mike Brandly, Auctioneer
Apr 8, 20153 min read
So tell me about this other auctioneer …
However, with the death of her father, Sophie asked around and was told to contact an auctioneer. So she did — in fact she contacted...
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Mike Brandly, Auctioneer
Apr 6, 20152 min read
Auction performance fees
Late 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...
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Mike Brandly, Auctioneer
Mar 30, 20155 min read
Auctioneers and religious freedom
Relatedly, in the United States, religious freedom is … as referred to by the First Amendment to the Constitution [December 15, 1791:]...
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Mike Brandly, Auctioneer
Mar 18, 20153 min read
13 things the UCC 2-328 doesn’t [quite] answer
It remains today the most misunderstood 254 words in the auction world — by far. The UCC 2-328 says lots of things: There are only two...
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