Do all these words mean the same thing? I believe this item is worth $140,000? I estimate this at $140,000? The value of this item is...

We have been in the auction and appraisal business for decades. We’ve written about the appraisal industry many times and have...

A mansion (not the above mansion) went to auction and the high bid was $45.76 million. A news headline thereafter read that a “$87.8...

Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or a forced sale)...

These days we see it all the time: “Our auction exceeded all expectations,” or “The auction was twice what we were expecting.” It’s a...

We’ve told countless people that when a seller (owner) has “urgency,” “equity” and “reasonable expectations” that an auction is a perfect...

Terry Mangum said something similar and he’s exactly right: It is not worth what it won’t sell for. In other words, a piano listed...

First, I am an auctioneer and appraiser and serve as Distinguished Faculty at Hondros College where I teach law, appraisal and other...

For reference, here is our previous article on IRS appraisals from 2013: https://mikebrandlyauctioneer.wordpress.com/2013/05/01/auctione...

https://mikebrandlyauctioneer.wordpress.com/2009/11/15/different-types-of-auctions/ The right for the seller to bid — outside of a forced...

We recently wrote twice about auctioneers setting the bid in: https://mikebrandlyauctioneer.wordpress.com/2016/12/22/should-the-auctionee...

In discussing appraisal techniques in classes all across the United States, three (3) particular terms are sometimes the focus. Those...

A recurring question in those classes is, “What license is required to perform real estate appraisals in Ohio?” Much to the surprise of...

This longstanding question is “Does an auction price equal market value?” Relatedly, Bill’s question was if a court had ruled on this...

Saturday arrives and a huge crowd has assembled, mostly around this ’57 Cadillac. Lyle has been wondering for over a week what the car...

Late 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...

Selling an oil painting for $500 is wonderful if the seller is expecting $200 and not good at all if the seller is expecting $2,000. As a...

Linda said she was keeping it, and that was fine. We still had over 1,000 lots to sell at her auction including some nice antiques and...

Yet, some will say, “That [whatever] sold for $29,500 at that auction, but was worth much more.” Less often, someone will say, “That...

We wrote about auctioneers acting as appraisers with commentary regarding some related issues here:http://mikebrandlyauctioneer.wordpress...