Mike Brandly, Auctioneer
Can auctioneers treat bidders differently?
Our answer to our attorney in this case was, essentially, “We can’t do that.” As we explore this issue here, you’ll see that we suggest...
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Mike Brandly, Auctioneer
Mar 2, 20104 min read
Why aren’t auctioneers saying, “Sold!?”
When I attended auction school, decades ago, I remember distinctly (the very first day) that we were taught to say, “Sold!” when we...
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Mike Brandly, Auctioneer
Feb 24, 20103 min read
When it doesn’t sell at auction
Will McLemore wrote on his blog about how to erode the credibility of real estate auctioneers with no-sales. You can read his blog here:...
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Mike Brandly, Auctioneer
Feb 20, 20101 min read
Auctions and Forced Sales
In a forced sale, the property is being sold involuntarily. In other words, the property is selling at auction because of a court-order...
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Mike Brandly, Auctioneer
Feb 19, 20103 min read
Auctioneers & the Statute of Frauds Part II
In Williston’s “Williston on Contracts” an important point about the Statute of Frauds for auctioneers is noted. In § 29:40 (4th Ed), as...
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Mike Brandly, Auctioneer
Feb 18, 20103 min read
Auctioneers & the Statute of Frauds
In this case, the plaintiff won on the testimony of an associate who “overheard” the deals details, while the defendant was prohibited to...
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Mike Brandly, Auctioneer
Feb 15, 20104 min read
The Opening Bid …
National Public Radio (NPR) recently conducted a radio show from an auction where bank owned homes were being offered to the public at...
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Mike Brandly, Auctioneer
Feb 11, 20102 min read
Why do auctioneers have without reserve auctions?
As we discussed in Different Types of Auctions, auctioneers and their clients have the choice between with reserve and without reserve...
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Mike Brandly, Auctioneer
Feb 4, 20102 min read
Unethical bid calling #3, He loves me; he loves me not …
Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...
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Mike Brandly, Auctioneer
Jan 30, 20103 min read
The Death of Reserve Auctions
What is changing in the auction business? Most suggest the Internet, and our ability as auctioneers to advertise to a worldwide market,...
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Mike Brandly, Auctioneer
Jan 12, 20104 min read
Live auctions disappear?
Scott Musser, current National Auctioneer Association President, said recently:“I think in five years that 50 percent of auctions will be...
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Mike Brandly, Auctioneer
Dec 29, 20092 min read
The Three (3) Types of Auction Contracts
In my post: http://mikebrandlyauctioneer.wordpress.com/2009/12/01/the-essential-elements-of-any-contract/ I mentioned that auctioneers...
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Mike Brandly, Auctioneer
Dec 29, 20092 min read
Aberrant Auction Law, District of Columbia, #3
This is my third “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
Dec 16, 20095 min read
Buyer’s Premium
In fact, it’s not more difficult to find ads that say, essentially, “come to our auction since we don’t charge a buyer’s premium” as it...
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Mike Brandly, Auctioneer
Dec 14, 20092 min read
What is it worth?
Generally, auctioneers conclude that whatever they are selling is worth the most of whatever someone is willing to pay for that item, at...
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Mike Brandly, Auctioneer
Dec 11, 20093 min read
Auctions and an Iowa corn field
When do auctions work, and when do they not? If an auctioneer has a small crowd, questions abound as to why? Or, if there is an unusually...
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Mike Brandly, Auctioneer
Dec 10, 20092 min read
Is it always “as-is” at an auction?
Actually, most auctions have some sort of guarantee or warranty. With only a few exceptions, auctioneers warranty clear title — in other...
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Mike Brandly, Auctioneer
Nov 29, 20094 min read
Absolute = Without Reserve; Without Reserve = Absolute
In theoretical mathematics, if A = B and B = A, then A and B are the same thing, thus this question posed here about absolute auctions....
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Mike Brandly, Auctioneer
Nov 27, 20093 min read
Auction seller won’t agree to the sale
This does happen also, but not nearly as often as a buyer not performing. What we have in this case is a seller who, after the...
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Mike Brandly, Auctioneer
Nov 13, 20094 min read
Selling real estate at auction
You might answer to the $1.00 question, that it’s worth exactly $1.00. It’s worth that because that’s what you can get for it in terms of...
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