#Proffitt

Mike Brandly, Auctioneer

Dec 10, 20212 min read

Commercially reasonableness in court

I’ve held that “commercially reasonable” is a noble standard to adhere to as an auctioneer. Included in such is the opportunity for...

Mike Brandly, Auctioneer

Jul 8, 20212 min read

The three big auction warranties

Steve Proffitt wrote in 2007 that there were at least three warranties made in auctions, as provided for in the [Uniform] commercial code....

Mike Brandly, Auctioneer

Nov 4, 20193 min read

Auctioneer damages and commission

As such, it certainly got our attention when it was suggested that in the case of buyer breach of contract, the buyer’s premium would be...

Mike Brandly, Auctioneer

Jul 5, 20114 min read

When can the bid be reopened?

Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...

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...