Mike Brandly, Auctioneer
Look! We’re not open yet.
“Great,” I replied. I’ll take a look at it online and get registered. As I searched online, I found the auction, only to note that...
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Mike Brandly, Auctioneer
Mar 3, 20152 min read
I’m bidding online, but where is the property?
In other words, bidders are placing bids on property (chattels) without the actual knowledge of where that property is? Certainly,...
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Mike Brandly, Auctioneer
Mar 3, 20153 min read
Auctioneer dual agency
My belief is that auctioneers should be able to bid to enhance the seller’s position. If an auctioneer is selling a framed oil on canvas...
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Mike Brandly, Auctioneer
Feb 27, 20152 min read
State auctioneer boards’ liability
They are typically made up of auctioneers with some sort of minimum years experience as such. These boards (or commissions) typically...
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Mike Brandly, Auctioneer
Feb 24, 20152 min read
An auction where we won’t let you pay too much?
And I’ve studied the art and science of auctioneering for almost as many. A few things seem clear to me: we as auctioneers need sellers...
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Mike Brandly, Auctioneer
Feb 18, 20153 min read
The sliding scale versus the incremental scale
And sellers are right to ask what commission the auctioneer will charge for that service. Most of the time, a fixed percentage is...
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Mike Brandly, Auctioneer
Feb 10, 20153 min read
Your bidding today will include a 10% buyer’s premium
Such a conversation the other day recounted an auctioneer’s assessment of his community, and the general disdain for this additional...
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Mike Brandly, Auctioneer
Jan 25, 20152 min read
The five D’s of auctions
Basically, other than those buying and selling for a profit or business, some sort of change (and not always a pleasant change) is the...
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Mike Brandly, Auctioneer
Jan 9, 20152 min read
Would we rather it didn’t sell?
He decides to have an online-only auction, utilizing a well-known online auction software provider. In the following days, he photographs...
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Mike Brandly, Auctioneer
Jan 6, 20153 min read
Auctioneers talking to buyers and sellers
His father and grandfather were both auctioneers for over 40 years; Shane has been managing the company for the last few. Shane had been...
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Mike Brandly, Auctioneer
Dec 24, 20143 min read
Our frictionless auction environment
Dan Slater has written about the online dating environment — suggesting that online dating leads us to value our relationships less and...
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Mike Brandly, Auctioneer
Dec 15, 20142 min read
When is an absolute auction an absolute auction?
Most recently, I’ve asked a particular question during these classes and sense virtually no consensus as to the answer. The issue regards...
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Mike Brandly, Auctioneer
Dec 5, 20142 min read
If you’re going to sell it, sell it.
Sometimes a particular writing really gets my attention; thanks to my friend Yvette VanDerBrink for saying it. Indeed, shouldn’t an...
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Mike Brandly, Auctioneer
Nov 25, 20146 min read
Calculations regarding real property at auction
Lots of questions about real property values. Here’s some common ways real property is analyzed from the standpoint of investors,...
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Mike Brandly, Auctioneer
Nov 24, 20142 min read
Auctioneers must … or must they?
In the landmark United States Supreme Court case Lochner v. New York, 198 U.S. 45 (1905), the Court held that the “liberty of contract”...
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Mike Brandly, Auctioneer
Nov 11, 20143 min read
We’re selling some absolute … but we haven’t decided (or disclosed) yet?
Russ asked, essentially, if an auction could start without the auctioneer making it clear if that particular lot (property) is selling...
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Mike Brandly, Auctioneer
Nov 10, 20142 min read
Auctioneer’s absolute right of withdrawal
Our previous article noted that Bib could offer property absolute, and if no bid was made within a reasonable time, Bib could withdraw...
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Mike Brandly, Auctioneer
Nov 6, 20142 min read
No women allowed?
Apparently, before 1950 women were not allowed … to be auctioneers? Emma Bailey is regarded as the first woman auctioneer in the United...
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Mike Brandly, Auctioneer
Oct 24, 20142 min read
Seller commission & buyer’s premium
More recently, we again were asked about how seller commissions are calculated in relation to buyer’s premiums. Here’s that previous...
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Mike Brandly, Auctioneer
Oct 13, 20142 min read
Seller commission or seller premium?
Many auctioneers are now charging a “buyer’s premium” to increase auctioneer profits and sometimes offset seller costs. Up until more...
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