Mike Brandly, Auctioneer
Auctions with lost, misplaced and/or abandoned property
Property is generally deemed to have been … Lost if it is found in a place where the true owner likely did not intend to set it down, and...
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Mike Brandly, Auctioneer
Dec 21, 20173 min read
… but my seller cashed the check
Most recently, an inquiry involved a breach of contact of sorts — where the auctioneer did not follow the legal expressed wishes of his...
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Mike Brandly, Auctioneer
Dec 18, 20172 min read
Can your bidder’s offer (bid) be irrevocable?
https://mikebrandlyauctioneer.wordpress.com/2014/08/11/bid-calling-is-just-numbers/ A twist on this offer and acceptance is that some...
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Mike Brandly, Auctioneer
Dec 11, 20172 min read
Selling absolute mandates you “reopen bids?”
However, does selling absolute mandate you reopen the bid if another bid comes in as the hammer is falling, after the hammer falls, after...
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Mike Brandly, Auctioneer
Dec 7, 20172 min read
Absolute and the high bidder isn’t the buyer?
If you don’t, your seller is open to a lawsuit by the high bidder seeking specific performance. In other words, the high bidder (even if...
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Mike Brandly, Auctioneer
Dec 4, 20173 min read
Auctioneer may establish reasonable bid increments?
We have been discussing “cut bids” (most notably here: https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-h...
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Mike Brandly, Auctioneer
Dec 1, 20172 min read
Can auctioneers ignore bids?
It’s important for auctioneers to understand that first — they are typically agents for the seller (unless they are the seller,) and not...
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Mike Brandly, Auctioneer
Nov 24, 20173 min read
Negotiating with a “cut” bidder
www.fasttalkingpodcast.com — about cut bids (https://mikebrandlyauctioneer.wordpress.com/2017/11/21/as-the-auctioneer-do-you-have-to-take...
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Mike Brandly, Auctioneer
Sep 21, 20172 min read
A curious auction claim — and a “slip of the tongue”
As Mr. Sharif knew well, in American Contract Bridge rules, bids by players which are deemed inadvertent (a slip of the mind, slip of the...
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Mike Brandly, Auctioneer
Sep 11, 20173 min read
The “corruption” of the auction industry?
Some might say (including Shannon Hunter, Auctioneer) that these are the two most material issues in the auction industry today. In...
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Mike Brandly, Auctioneer
Aug 31, 20173 min read
“As-is” and I can or can’t inspect?
Bill’s father Gene had served in the Unites States Air Force from 1947 until his retirement in 1991 and had flown these 19B’s (UH-19’s)...
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Mike Brandly, Auctioneer
Jul 28, 20174 min read
The integrity of the bidding process
Our topic today specifically regards bankruptcy auctions, but applies equally and reasonably to any type of auction anywhere in the...
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Mike Brandly, Auctioneer
Jul 19, 20175 min read
‘Reasonably advantageous’ auction terms
I stay at many hotels throughout the year (although I have never stayed at the Black Bear Hotel in Allentown, Pennsylvania.) In doing so,...
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Mike Brandly, Auctioneer
Jun 29, 20172 min read
Real estate agents … auctioneers … and real estate auctioneers.
“They say that [Zillow,] a company they empowered and trusted, is taking advantage of them.” Yep — auctioneers heard how many times...
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Mike Brandly, Auctioneer
Jun 22, 20172 min read
Coming in waaaaaay below the pre-auction estimate
“Famed artist Billy Woble’s painting estimated at $3,000,000 – $5,000,000 sells at auction for $7,500,000,” instead of “Famed artist...
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Mike Brandly, Auctioneer
Jun 20, 20173 min read
Does the “buyer’s premium” show to the seller?
Following the auction, of course, the auctioneer would have to settle the auction with his seller. In doing so, that settlement...
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Mike Brandly, Auctioneer
Jun 5, 20173 min read
Simulcast auctions and the timing of bids
I answered with the obvious observation, that the software would show which bids were placed by a person and which bids were placed...
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Mike Brandly, Auctioneer
Jun 1, 20173 min read
Auction terms versus auction descriptions …
So the auctioneer/auction company is able to succinctly express the precise terms and conditions of the auction — you must pay within 36...
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Mike Brandly, Auctioneer
May 18, 20172 min read
Auctioneer setting the bid in at the stated minimum?
We recently wrote twice about auctioneers setting the bid in: https://mikebrandlyauctioneer.wordpress.com/2016/12/22/should-the-auctionee...
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Mike Brandly, Auctioneer
Apr 25, 20172 min read
Sued because of auction sale price
Here’s one such article from 2012 where the sellers actually sued the buyers for “buying too cheaply:” https://mikebrandlyauctioneer.wor...
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