Mike Brandly, Auctioneer
Secret second auctions
In brief, it is an illegal agreement involving bid rigging and price suppression, in violation of law inclusive of the Sherman Antitrust...
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Mike Brandly, Auctioneer
Jul 29, 20123 min read
English auction versus sealed bid and Dutch auctions
English auctions Sealed bid auctions Dutch auctions In analyzing these three types, we first start with our definition of each: An...
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Mike Brandly, Auctioneer
Jul 26, 20122 min read
Auctioneers managing bidder expectations
How does the bidder (customer) feel about participating in the auction? What is the likelihood the customer will participate in this...
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Mike Brandly, Auctioneer
Jul 26, 20123 min read
Auctioneers managing seller expectations
How did the seller (client) feel about the results? What is the likelihood the client will hire this auctioneer again, and/or recommend...
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Mike Brandly, Auctioneer
Jul 25, 20123 min read
Auctioneers and appraising
One such discussion was published in 2011: Auctioneers as appraisers. Today, we discuss more, “how not to appraise” property — how not...
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Mike Brandly, Auctioneer
Jul 17, 20123 min read
Who else was bidding?
Many bidders and buyers, such as Ned, have often wondered the identity of the other bidders. Buyers in particular often wonder who else...
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Mike Brandly, Auctioneer
Jul 12, 20123 min read
Absolute? With a guarantee?
An absolute auction strictly means the property is selling to the highest bidder, with no limiting conditions such as a minimum bid,...
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Mike Brandly, Auctioneer
Jun 30, 20123 min read
Auction bidder obstacles
In fact, we coined the phrase “prospect of a deal” some time ago. Yet, despite this powerful draw to an auction, can an auctioneer make...
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Mike Brandly, Auctioneer
Jun 22, 20123 min read
Auctioneer trust accounts
He accepts consignments Monday, Tuesday and Wednesday and then has his auction every Friday beginning at 4:00 p.m. Ed and his 12-year-old...
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Mike Brandly, Auctioneer
Jun 18, 20123 min read
Mandatory auctioneer continuing education?
Thus, these states take a proactive role in qualifying and governing those who work as auctioneers. Only some of these “license” states...
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Mike Brandly, Auctioneer
Jun 15, 20123 min read
Auctioneer: “Let’s take a break …”
The highly anticipated auction at the Springfield VFW hall started at 5:00 p.m. with over 120 in the room. The initial bid was $1,000 per...
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Mike Brandly, Auctioneer
Jun 8, 20126 min read
What is an “unreserved” auction?
There are not three, four nor five types. Additionally there are no legal “hybrids” of the two types. In other words, an auction is...
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Mike Brandly, Auctioneer
Jun 5, 20123 min read
Whose buyers are they?
In fact, the seller really doesn’t belong to the auctioneer, but the auctioneer most likely has an exclusive right to represent and act...
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Mike Brandly, Auctioneer
May 29, 20122 min read
Must the seller be at the auction?
We recently wrote about the advantages and disadvantages of the seller being present for the auction: http://mikebrandlyauctioneer.wordpr...
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Mike Brandly, Auctioneer
May 27, 20123 min read
Fair and square
J.C. Penney believed that customers were yearning for a more fair, honest, straightforward pricing model. This new model would have no...
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Mike Brandly, Auctioneer
May 25, 20123 min read
Should the seller be at the auction?
Auctioneers seem to come to different conclusions regarding this. Some say the seller should be at the auction, and others say the seller...
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Mike Brandly, Auctioneer
May 22, 20123 min read
Auctioneer disclaimers
Auctioneer disclaimers are as common as actual auctions. For centuries, auctioneers have “disclaimed” certain responsibilities in their...
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Mike Brandly, Auctioneer
May 21, 20122 min read
Selling choice (or a right) in an absolute auction?
In essence, we asked if an auctioneer offered the high bidder choice of a group of items in an absolute auction, where that bidder could...
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Mike Brandly, Auctioneer
May 17, 20124 min read
Auction photos
As well, in hopes of limiting liability, many auctioneers are using more pictures, and less accompanying descriptive text. In this way, a...
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Mike Brandly, Auctioneer
May 15, 20123 min read
Selling at auction: online and live
Again, we look at a research paper titled “Selling online versus live” which was released as a result of work by, Eiichiro Kazumori, PhD...
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