Mike Brandly, Auctioneer
Auction [house] breakage
It sold for $33.2 Million on November 7, 2007 at Sotheby’s in New York. For purposes of our discussion today, let’s say someone broke it...
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Mike Brandly, Auctioneer
Oct 5, 20153 min read
Auctions and the intention to sell
Property owners typically contract with an auctioneer and then that auctioneer offers that property for sale … Or do they? Actually,...
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Mike Brandly, Auctioneer
Aug 11, 20143 min read
Bid calling is just numbers?
Actually, numbers, “Just rolling through the air?” was what I heard proposed. Auctioneers have bid called for 1,000’s of years. In the...
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Mike Brandly, Auctioneer
Jun 12, 20142 min read
Auctioneer clause concerns
Auctioneers typically enter into contracts with their sellers (clients.) These contracts often note the date and location of auction,...
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Mike Brandly, Auctioneer
Jun 9, 20142 min read
Contract terms counter to law
For example in a contract to sell or an agreement to abide by certain terms and conditions, that document counters established law. Two...
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Mike Brandly, Auctioneer
Aug 21, 20132 min read
When, exactly, can the auctioneer take his commission?
The fee is a percentage of the gross proceeds. In this case, 20% will go to the auctioneer and 80% will go to the seller. The auction...
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Mike Brandly, Auctioneer
Aug 6, 20132 min read
Auction contract binding upon who?
I note a particular paragraph found in my contract as well as many (I suspect) other auction consignment contracts used by auctioneers...
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Mike Brandly, Auctioneer
Sep 9, 20123 min read
Auctioneer says you can withdraw with penalty?
Claire decided after consigning some firearms, she wished to withdraw some of them, and place reserves on some otherwise selling without...
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Mike Brandly, Auctioneer
Aug 20, 20123 min read
The 29 things that should be in an auctioneer’s contract with a seller
Every time, no exceptions. This contract (and the particulars of such) may be mandated by state law. Every auctioneer is advised to seek...
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Mike Brandly, Auctioneer
May 29, 20122 min read
Must the seller be at the auction?
We recently wrote about the advantages and disadvantages of the seller being present for the auction: http://mikebrandlyauctioneer.wordpr...
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Mike Brandly, Auctioneer
Mar 29, 20123 min read
Discussing commissions with competitors
Technically, colluding on price amongst competitors, also known as horizontal price fixing, is viewed as a per se violation of the...
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Mike Brandly, Auctioneer
Jan 7, 20123 min read
Selling yourself, then their property …
He is to meet with Mary and Richard Gaines about selling Mary’s late mother’s real and personal property at auction. Upon arriving, Jim...
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Mike Brandly, Auctioneer
May 14, 20103 min read
What is collusion at an auction?
We ask here, “What is collusion at an auction?” Collusion at an auction can involve bidders (buyers), sellers, and/or auctioneers. ...
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Mike Brandly, Auctioneer
Mar 30, 20103 min read
Selling for less than the reserve?
Yet, some auctioneers sell items for less than these reserve amounts. How can this happen? How it was explained to me was that if the...
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Mike Brandly, Auctioneer
Mar 20, 20104 min read
Can the auction bidder waive rights granted under state law?
State law in 49 of the 50 states in the United States dictates bidders may retract their bid at an auction anytime, for any reason, up...
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Mike Brandly, Auctioneer
Mar 19, 20103 min read
Can the auction seller waive rights granted under state law?
State law in 49 of the 50 states in the United States dictates that items may be withdrawn prior to the start of the auction, no matter...
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