Mike Brandly, Auctioneer
Should I go to auction school?
First, many states in the United States require a license to act as an auctioneer. And, most of those license states require...
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Mike Brandly, Auctioneer
Jun 8, 20101 min read
Is sales tax charged on top of the buyer’s premium?
This really isn’t complicated. Let’s take two examples: Auctioneer Bob doesn’t charge a buyer’s premium. Customer Sally purchases a...
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Mike Brandly, Auctioneer
Jun 4, 20103 min read
Auctioneer franchising
First, some terminology. In a franchise arrangement, the (typically) local auctioneer becomes a franchisee by buying a franchise from a...
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Mike Brandly, Auctioneer
Jun 2, 20103 min read
On-site versus off-site auctions
At an auction house, rented facility or the like On-site, at the farm, house or property Why would a client prefer an on-site auction...
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Mike Brandly, Auctioneer
Jun 2, 20102 min read
The “Nominal Opening Bid”
We wrote about issues with auctioneers using an opening bid to suggest a minimum bid a few months ago. That post is here: The Opening...
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Mike Brandly, Auctioneer
May 24, 20102 min read
Why do we say, “It sold for … including the buyer’s premium?”
This is done, generally, to attract clients wishing to sell their items for similar prices. If Julie has a Roseville Blackberry vase to...
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Mike Brandly, Auctioneer
May 22, 20106 min read
Bid increments at auctions
For example, if a 2009 Case IH Magnum 335 is selling at auction, and the auctioneer has $175,000 is asking for $177,500, then the bid...
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Mike Brandly, Auctioneer
May 21, 20102 min read
Changing auction terms is asking for a problem
In the terms and conditions prior to the start of the auction, the auctioneer noted that bids would have to be at least 10% more than any...
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Mike Brandly, Auctioneer
May 16, 20103 min read
Calculating the buyer’s premium at an auction
We wrote about Buyer’s Premiums and how they worked some time ago. This article is about how to calculate the buyer’s premium. There is...
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Mike Brandly, Auctioneer
May 15, 20102 min read
Auction: Absolute Over $90,000 Opening Bid?
Quite simply, auctioneers use the word “Absolute” to attract maximum buyer interest. Yet, it is nothing less than misrepresentation when...
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Mike Brandly, Auctioneer
May 14, 20103 min read
What is collusion at an auction?
We ask here, “What is collusion at an auction?” Collusion at an auction can involve bidders (buyers), sellers, and/or auctioneers. ...
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Mike Brandly, Auctioneer
May 13, 20109 min read
Aberrant Auction Law, Kentucky #10
This is my tenth “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...
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Mike Brandly, Auctioneer
May 3, 20103 min read
Auctioneers younger than 18?
That amendment granted voting rights to those 18 years or older, altering previous statutes that generally required someone to be 21 to...
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Mike Brandly, Auctioneer
May 2, 20102 min read
Can it sell prior to auction?
Sure. First, when an auction is scheduled — any auction — the seller (owner) has the right to withdraw any item from the auction before...
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Mike Brandly, Auctioneer
May 1, 20103 min read
Offers prior to an auction
This particular loader is in almost new condition and given the features and hours, the owner is expecting to realize about $250,000 for...
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Mike Brandly, Auctioneer
Apr 10, 20103 min read
What do auctioneers say?
Auctioneers use bid calling to communicate in a legal, entertaining, encouraging manner with bidders who are in attendance at an auction....
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Mike Brandly, Auctioneer
Apr 1, 20103 min read
Can an auctioneer auction his own property?
Recently, I was asked, “Can an auctioneer auction his own property?” The answer seemed clear enough, and I responded, “Sure, it happens...
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Mike Brandly, Auctioneer
Mar 30, 20103 min read
Selling for less than the reserve?
Yet, some auctioneers sell items for less than these reserve amounts. How can this happen? How it was explained to me was that if the...
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Mike Brandly, Auctioneer
Mar 28, 20103 min read
The auctioneer’s opening remarks
Typically, an auctioneer will introduce himself, or herself, and also introduce the staff, likely note that bidders must register, items...
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Mike Brandly, Auctioneer
Mar 20, 20104 min read
Can the auction bidder waive rights granted under state law?
State law in 49 of the 50 states in the United States dictates bidders may retract their bid at an auction anytime, for any reason, up...
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