Mike Brandly, Auctioneer
What? Your vendor raised prices?
Auctioneers can’t ever seem to believe it … a vendor raised prices. It could be software, a platform’s sell-through, training,...
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Mike Brandly, Auctioneer
Sep 8, 20203 min read
Auctioneers, misinformation, disinformation
Auctioneers are typically well-known in their communities, and some are even known regionally or nationally. As such, it’s best we are...
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Mike Brandly, Auctioneer
Sep 4, 20202 min read
Sotheby’s BP increase? Or not?
Sotheby’s announced recently they were instituting a new “Overhead Premium” of 1% on the hammer price to cover: The overhead costs...
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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
Sep 1, 20204 min read
Seller’s tolerance for risk
We’ve held for many years that all bidders at any auction need to adhere to the same terms and conditions. For instance, all bidders...
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Mike Brandly, Auctioneer
Aug 31, 20203 min read
Contractual (tortious) interference
There are probably not too many college football fans who don’t remember the 2003 double-overtime Fiesta Bowl — OSU 31, Miami 24 for the...
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Mike Brandly, Auctioneer
Aug 28, 20203 min read
Auctioneers, race & color
A typical bidder in the United States at an auction in 1920 was a White male. Here in 2020, that bidder might be a white male but might...
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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 25, 20203 min read
Purpose of the MLS for auctioneers
The real estate profession (members) in the United States has a database commonly termed “the MLS.” This database contains listings...
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Mike Brandly, Auctioneer
Aug 24, 20202 min read
More on COVID-19 magic waivers
It seems no matter the issue, some people always assure everyone all we need is yet another disclaimer and/or waiver (attempting) to...
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Mike Brandly, Auctioneer
Aug 21, 20202 min read
Auctions and “time is of the essence”
Some live auctions even today sometimes involve very little technology in regard to payment and/or delivery. Online auctions...
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Mike Brandly, Auctioneer
Aug 20, 20202 min read
Failure to pass the background check
I viewed an auction where in the terms and conditions regarding a firearm noted: “Failure to pass the background check will result in...
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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
Aug 17, 20202 min read
You can … so you should?
I continue to see it over and over … “You as an auctioneer can …” and then radio silence. A follow-up in the minds of auctioneers might...
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Mike Brandly, Auctioneer
Aug 14, 20202 min read
A $68,867.50 reason to …
One might ask, “Do auctioneers need to treat all bidders the same, other than ‘price’?” In other words, do we have to have all bidders...
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Mike Brandly, Auctioneer
Aug 13, 20202 min read
Successful online auctioneers
James Fuller-Thompson recently wrote a steller analysis titled, “The 7 Habits of Highly Successful Online Auctioneers” The link to that...
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Mike Brandly, Auctioneer
Aug 11, 20202 min read
What are “Auction prices?”
Of course, we know that “Auction prices” are the prices obtained at public auctions. Our question is more so … What is the message when...
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Mike Brandly, Auctioneer
Aug 10, 20202 min read
Auctioneers, adjectives, and adverbs
The political climate is truly changing our (auctioneers’) language. I continue to hear it again and again and again and again as I...
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Mike Brandly, Auctioneer
Aug 7, 20202 min read
Clear title at auction
Bidders have a right to assume whatever they are buying at auction has clear title. What do we mean by that? That the subject property...
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Mike Brandly, Auctioneer
Aug 5, 20202 min read
What makes something worth $450 Million?
We wrote in November 2019 about the “Salvator Mundi” painting selling for an excess of $450 Million at auction in 2017. Today, we...
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