Mike Brandly, Auctioneer
The power of the word “absolute”
Further, not only our own auctions, but those by many auctioneers around this country have proved time and time again that the word...
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Mike Brandly, Auctioneer
Aug 22, 20162 min read
The issue with secret reserves
What is a secret reserve? It’s the number the seller believes he or she needs in order to sell the property — and that number is kept...
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Mike Brandly, Auctioneer
Aug 18, 20162 min read
Yes, you can sell absolute with a lien present
Of those many questions, this one has been asked several times, and it’s usually phrased more-so as a statement. It usually goes like...
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Mike Brandly, Auctioneer
Jun 28, 20162 min read
Does a bid number grant the right to bid?
There was a large crowd in attendance. People just parked, walked up to the auction area, and started bidding. No registration; no...
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Mike Brandly, Auctioneer
May 19, 20162 min read
Auctions with “market support”
What’s the value of a yearling beef calf selling in the Yoder Livestock auction on Tuesday? One might argue that the aforementioned...
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Mike Brandly, Auctioneer
Mar 4, 20163 min read
Auction post cancellation?
Frank bequeathed (and technically devised) the lumberyard to her upon his death per his will. However, Connie desired to sell the...
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Mike Brandly, Auctioneer
Jan 25, 20163 min read
The smallest increment
We have written about the conflict with minimum bid increments and a without reserve (absolute) auction. Most notably, our analysis here...
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Mike Brandly, Auctioneer
Nov 27, 20152 min read
Genuine intent to transfer to the highest bidder regardless of price
We discussed this disquisition in some detail — once again — at the National Auctioneers Association‘s Accredited Auctioneer of Real...
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Mike Brandly, Auctioneer
Jul 20, 20152 min read
An absolute auction with a minimum qualifying deposit
We were discussing absolute auctions at the NAA Conference & Show in Addition, Texas July 14-18, 2015. Our discussion involved that...
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Mike Brandly, Auctioneer
Jun 3, 20154 min read
Changing the “type” of auction
The seller has informed his auctioneer that he is willing to sell his prized framed painting for $150,000, at his upcoming auction, and...
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Mike Brandly, Auctioneer
May 12, 20152 min read
What if the seller bids first?
In a somewhat modest legal case, an attorney informed me that he represented a buyer who felt injured by the seller bidding against him...
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Mike Brandly, Auctioneer
May 5, 20152 min read
Auctioneers & no-sale (no-performance) fees
Auctioneers are also sometimes paid when property doesn’t sell. Paid when property doesn’t sell? Yep, even when it doesn’t sell....
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Mike Brandly, Auctioneer
Jan 9, 20152 min read
Would we rather it didn’t sell?
He decides to have an online-only auction, utilizing a well-known online auction software provider. In the following days, he photographs...
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Mike Brandly, Auctioneer
Dec 15, 20142 min read
When is an absolute auction an absolute auction?
Most recently, I’ve asked a particular question during these classes and sense virtually no consensus as to the answer. The issue regards...
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Mike Brandly, Auctioneer
Dec 5, 20142 min read
If you’re going to sell it, sell it.
Sometimes a particular writing really gets my attention; thanks to my friend Yvette VanDerBrink for saying it. Indeed, shouldn’t an...
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Mike Brandly, Auctioneer
Nov 11, 20143 min read
We’re selling some absolute … but we haven’t decided (or disclosed) yet?
Russ asked, essentially, if an auction could start without the auctioneer making it clear if that particular lot (property) is selling...
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Mike Brandly, Auctioneer
Nov 10, 20142 min read
Auctioneer’s absolute right of withdrawal
Our previous article noted that Bib could offer property absolute, and if no bid was made within a reasonable time, Bib could withdraw...
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Mike Brandly, Auctioneer
Sep 23, 20143 min read
Are you offering or inviting offers?
Photograph courtesy of Art & Visual Materials, Special Collections Department, Harvard Law School Library In the United States, an...
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Mike Brandly, Auctioneer
Sep 16, 20142 min read
Stopping an absolute auction
The question was, “Can an auctioneer stop an absolute auction once underway …?” Let’s take a look at this sign. “Everything will be sold...
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Mike Brandly, Auctioneer
Feb 2, 20144 min read
When is an auctioneer legally calling for bids?
A particular 11 words are of interest today:In an auction without reserve, after the auctioneer calls for bids on an article or lot, that...
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