Mike Brandly, Auctioneer
Which is better for the seller? Absolute? With reserve?
There are dozens of academic research papers (and maybe not many more) concerning with reserve auctions versus without reserve (absolute)...
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Mike Brandly, Auctioneer
Apr 13, 20213 min read
Does “No Reserve” mean absolute?
Our phone rings regularly from attorneys all over the world. A few days ago, this particular attorney asked the same question as the...
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Mike Brandly, Auctioneer
Dec 15, 20203 min read
Our reserve “rules” we make up
I think I’ve seen almost every rule an auctioneer has for having (and/or not disclosing) the reserve price — including “sellers might or...
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Mike Brandly, Auctioneer
Sep 2, 20202 min read
Auctioneers with stuff leftover …
The question regarded personal property left at an auction house that didn’t sell because the final bids did not meet nor exceed the...
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Mike Brandly, Auctioneer
Aug 26, 20203 min read
Absolute over $500,000?
Absolute auctions attract far more attention than with reserve auctions. Thus, auctioneers understandably use the word “absolute” and...
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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 3, 20202 min read
Does court confirmation make it a reserve auction?
In other words, this is an absolute auction and it’s not an absolute auction. Is it really “the genuine intent to transfer to the...
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Mike Brandly, Auctioneer
May 25, 20202 min read
Start the auction or commence private treaty?
So let’s say an absolute auction (of one property) is scheduled and only one bidder shows up; does the auctioneer open the auction? ...
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Mike Brandly, Auctioneer
May 5, 20202 min read
What this sign means …
The car sells? The bidding finally reaches the seller’s reserve? The seller has acquiesced and realizes this might be all he’s going to...
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Mike Brandly, Auctioneer
Mar 20, 20202 min read
Absolute auction … and how many bidders is enough?
What is a reasonable number of bidders? When are enough bidders registered that it’s prudent to open the bidding? Of course, it is...
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Mike Brandly, Auctioneer
Mar 4, 20202 min read
How does an “absolute” auction not sell?
“How did this absolute auction property not sell?” — or the like — is the type of question I get. Due to an absolute auction being “The...
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Mike Brandly, Auctioneer
Feb 13, 20202 min read
We’re selling this stuff at auction, unless we decide otherwise
Our most recent treatise on that subject is here: https://mikebrandlyauctioneer.wordpress.com/2020/01/01/auctions-which-are-or-not-fair-...
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Mike Brandly, Auctioneer
Jan 31, 20202 min read
Curious auction terms & conditions
The key issue when selling absolute is to advertise that the auction is absolute (without reserve) so that bidders are properly notified....
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Mike Brandly, Auctioneer
Oct 7, 20193 min read
Bids that can/can’t be placed at auction
Here’s who can and can’t bid for the two types of auctions (with reserve and without reserve:) Absolute (without reserve) auctions:...
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![What is a flash [auction] sale?](https://static.wixstatic.com/media/69aad9_3ea8eb14a1b64e26b48760c734bd23f5~mv2.jpg/v1/fill/w_1434,h_1077,fp_0.50_0.50,q_90,enc_auto/69aad9_3ea8eb14a1b64e26b48760c734bd23f5~mv2.jpg)
Mike Brandly, Auctioneer
Mar 26, 20192 min read
What is a flash [auction] sale?
Generally in commerce, flash sales are deep[er] discounts on limited quantities for a short period of time. Presumably a flash [auction]...
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Mike Brandly, Auctioneer
Mar 20, 20193 min read
An auction that is both with AND without reserve?
First, let me clarify that this term “auction” here is just one lot, rather than the term “auction event” consisting of all the lots as...
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Mike Brandly, Auctioneer
Feb 22, 20192 min read
Is your absolute auction being advertised/conducted as such?
First of all — why would any auctioneer not want the public to know an auction is indeed absolute? The words “absolute” or “without...
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Mike Brandly, Auctioneer
Dec 10, 20182 min read
Are we making it harder or easier to buy at auction?
However, auctioneers seem late to the party. While many auctioneers offer online bidding to make it easier to play, otherwise buying at...
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Mike Brandly, Auctioneer
Oct 26, 20182 min read
Are competitive pre-auction bids pre-auction?
https://mikebrandlyauctioneer.wordpress.com/2018/09/03/simulcast-auctions-how-they-work-and-how-they-dont/ For example, if a simulcast...
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Mike Brandly, Auctioneer
Aug 1, 20182 min read
When has the UCC 2-328 been a bad idea?
https://mikebrandlyauctioneer.wordpress.com/2018/07/26/auctioneers-you-want-win-in-court-or-stay-out-of-court/ What we suggested in that...
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