Mike Brandly, Auctioneer
Why is the default “with reserve?”
In 49 of our 50 states, an auction by default is “with reserve.” We attempt to answer why that is … and it’s unclear. The laws just...
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Mike Brandly, Auctioneer
Aug 18, 20202 min read
‘Absolute’ or other expressions
Outside of Louisiana, all auctions are “with reserve” by default. That is, they are with reserve unless explicitly denoted as without...
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Mike Brandly, Auctioneer
Jul 12, 20192 min read
The NAA IAC Final Round Questions ’19
At the 2019 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) held Friday, July 12 in New Orleans,...
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Mike Brandly, Auctioneer
Jul 9, 20132 min read
In Louisianna it sells absolute
The only state which did not adopt the UCC 2-328 into their state law is Louisiana, however their courts regularly rule as if they had....
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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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