Mike Brandly, Auctioneer
English auction versus sealed bid and Dutch auctions
English auctions Sealed bid auctions Dutch auctions In analyzing these three types, we first start with our definition of each: An...
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Mike Brandly, Auctioneer
Jul 26, 20122 min read
Auctioneers managing bidder expectations
How does the bidder (customer) feel about participating in the auction? What is the likelihood the customer will participate in this...
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Mike Brandly, Auctioneer
Jul 26, 20123 min read
Auctioneers managing seller expectations
How did the seller (client) feel about the results? What is the likelihood the client will hire this auctioneer again, and/or recommend...
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Mike Brandly, Auctioneer
Jul 25, 20123 min read
Auctioneers and appraising
One such discussion was published in 2011: Auctioneers as appraisers. Today, we discuss more, “how not to appraise” property — how not...
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Mike Brandly, Auctioneer
Jul 20, 20123 min read
The NAA IAC Final Round Questions ’12
At the 2012 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) recently held Friday, July 20 in Spokane,...
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Mike Brandly, Auctioneer
Jul 17, 20123 min read
Who else was bidding?
Many bidders and buyers, such as Ned, have often wondered the identity of the other bidders. Buyers in particular often wonder who else...
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Mike Brandly, Auctioneer
Jul 12, 20123 min read
Absolute? With a guarantee?
An absolute auction strictly means the property is selling to the highest bidder, with no limiting conditions such as a minimum bid,...
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Mike Brandly, Auctioneer
Jul 2, 20123 min read
Auctions: Does the offering cause a desire to own?
Similarly, does the offering at auction cause the brain to fire up and say, “Oh, I want that …?” There is evidence that the answer is,...
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Mike Brandly, Auctioneer
Jun 30, 20123 min read
Auction bidder obstacles
In fact, we coined the phrase “prospect of a deal” some time ago. Yet, despite this powerful draw to an auction, can an auctioneer make...
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Mike Brandly, Auctioneer
Jun 24, 20124 min read
Charity auctioneers charging commissions
In the landmark United States Supreme Court case Lochner vs. New York, 198 U.S. 45 (1905), the Court held that the “liberty of contract”...
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Mike Brandly, Auctioneer
Jun 22, 20123 min read
Auctioneer trust accounts
He accepts consignments Monday, Tuesday and Wednesday and then has his auction every Friday beginning at 4:00 p.m. Ed and his 12-year-old...
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Mike Brandly, Auctioneer
Jun 18, 20123 min read
Mandatory auctioneer continuing education?
Thus, these states take a proactive role in qualifying and governing those who work as auctioneers. Only some of these “license” states...
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Mike Brandly, Auctioneer
Jun 15, 20123 min read
Auctioneer: “Let’s take a break …”
The highly anticipated auction at the Springfield VFW hall started at 5:00 p.m. with over 120 in the room. The initial bid was $1,000 per...
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Mike Brandly, Auctioneer
Jun 13, 20122 min read
Midwest Auctioneers Roundup
We previously wrote about auctioneers working together in a unique fashion at The Super Auction held in Ann Arbor, Michigan twice each...
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Mike Brandly, Auctioneer
Jun 8, 20126 min read
What is an “unreserved” auction?
There are not three, four nor five types. Additionally there are no legal “hybrids” of the two types. In other words, an auction is...
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Mike Brandly, Auctioneer
Jun 5, 20123 min read
Whose buyers are they?
In fact, the seller really doesn’t belong to the auctioneer, but the auctioneer most likely has an exclusive right to represent and act...
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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
May 27, 20123 min read
Fair and square
J.C. Penney believed that customers were yearning for a more fair, honest, straightforward pricing model. This new model would have no...
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Mike Brandly, Auctioneer
May 25, 20123 min read
Should the seller be at the auction?
Auctioneers seem to come to different conclusions regarding this. Some say the seller should be at the auction, and others say the seller...
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Mike Brandly, Auctioneer
May 22, 20123 min read
Auctioneer disclaimers
Auctioneer disclaimers are as common as actual auctions. For centuries, auctioneers have “disclaimed” certain responsibilities in their...
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