Mike Brandly, Auctioneer
Auctions: Fast, Fun & and … what?
We wrote a few years ago that many consider auctions to be “fast, fun & transparent.” We noted the commonly used definitions in this...
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Mike Brandly, Auctioneer
Mar 293 min read
Buy at your price? Again, no.
The auctioneer says “Buy at your price …” so I assume I will willingly bid against other bidders, and if I’m the high bidder I get the...
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Mike Brandly, Auctioneer
Mar 272 min read
Absolute auction, and can I cancel?
So, the question is: “Absolute auction, and can I cancel?” The short answer is “yes” despite what you are largely reading online and...
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Mike Brandly, Auctioneer
Mar 213 min read
Auctioneers advocate for what?
Sometimes I wake up and wonder what planet I’m on. In fact, I’ve written that phrase before. Today, I am learning that a select group of...
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Mike Brandly, Auctioneer
Mar 124 min read
25 basics for every auctioneer
It seems we’re all busy and sometimes forget the very basics of the auction profession. While there are many things every auctioneer...
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Mike Brandly, Auctioneer
Mar 63 min read
But if there was one that didn’t work …?
I talk about the merits of auction sellers committing to sell (instead of maybe selling or maybe not.) Some auctioneers disagree and...
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Mike Brandly, Auctioneer
Mar 33 min read
Seller confirmation vs. traditional listing
Many real property auctioneers have “seller confirmation” auctions, allowing the seller to accept or reject the highest bid at the...
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Mike Brandly, Auctioneer
Feb 162 min read
Fixed versus percentage deposits
Several so-called license states have indicated that for an absolute auction, the deposit required (earnest money, good faith “deposit”)...
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Mike Brandly, Auctioneer
Feb 62 min read
Reserve items — not even one bid?
Many auctioneers have without reserve auctions, and many auctioneers have with reserve auctions. Both essentially claim both are the best...
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Mike Brandly, Auctioneer
Jan 12 min read
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
Dec 26, 20232 min read
“Fair and reasonable” increments?
Live auction bid calling has gone on for thousands of years. The Internet and associated online auction (digital) bids have only been...
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Mike Brandly, Auctioneer
Dec 6, 20233 min read
Auctioneer Dialetheism
When I attended auction school I was told two things I’ve repeated my entire life thereafter to other auctioneers. In fact, I’ve heard...
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Mike Brandly, Auctioneer
Dec 4, 20233 min read
Auctions, urgency, and omission
Almost all auctions use a sense of urgency in that bidders must make up their minds quickly. A live auctioneer may only take bids for 30...
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Mike Brandly, Auctioneer
Nov 27, 20232 min read
Not looking for a possible deal?
I’m sometimes mystified by how some auctioneers view their business model. We’ve held for decades that all auction bidders/buyers are...
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Mike Brandly, Auctioneer
Nov 24, 20233 min read
Auctioneers can’t (won’t) believe it
Two American economists won the Nobel Prize on Monday, October 12, 2020 — namely Paul R. Milgrom Ph.D. and Robert B. Wilson DrBA — for...
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Mike Brandly, Auctioneer
Nov 15, 20232 min read
Publish the reserve? Sure, unless …
We’ve sold a bunch of real property (real estate) at auction. One thing is obvious — other than selling “absolute” to the highest bidder...
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Mike Brandly, Auctioneer
Oct 27, 20232 min read
Absolute but reserve not met?
Sometimes it’s this flagrant. The auction is advertised as absolute but it’s not. Why would an auctioneer do this? The word,...
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Mike Brandly, Auctioneer
Oct 10, 20233 min read
Auctioneers’ reputations & messaging
Let’s say it’s 1930 — for example — auctioneers were primarily known in their “community” and we knew his or her spouses, their kids’...
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Mike Brandly, Auctioneer
Sep 23, 20232 min read
Selling “subject to …” deters bidders
Any auction — any time — anywhere — benefits from the “prospect of a deal,” where the bidders sense the chance to “get a deal.” Of...
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Mike Brandly, Auctioneer
Jul 14, 20232 min read
Seller motivated, ready … but not really
I almost spit out my … ahem … coffee. The ad says the seller is motivated to sell, ready to sell … but the auction is subject to this...
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