Mike Brandly, Auctioneer
What is all this auction “jargon?”
https://mikebrandlyauctioneer.wordpress.com/2018/05/11/the-public-and-auction-jargon/ Today, we explore some of the most common auction...
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Mike Brandly, Auctioneer
May 28, 20182 min read
Reasonable expectation of privacy at auction
https://mikebrandlyauctioneer.wordpress.com/2016/02/17/seller-and-buyer-identity-at-auction/ However, certainly here in 2018 there is an...
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Mike Brandly, Auctioneer
May 22, 20183 min read
Benefit auctions and auctioneer escrow accounts
https://mikebrandlyauctioneer.wordpress.com/2016/09/05/tax-issues-at-a-benefit-auction/ Our analysis today involves when the auctioneer...
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Mike Brandly, Auctioneer
May 16, 20183 min read
Misunderstanding effects of buyer’s premiums …
Some auctions/auctioneers charge a buyer’s premium, and some do not. There is no right or wrong about charging a buyer’s premium — but...
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Mike Brandly, Auctioneer
May 14, 20183 min read
Seller bidding beyond reserve?
https://mikebrandlyauctioneer.wordpress.com/2009/11/15/different-types-of-auctions/ The right for the seller to bid — outside of a forced...
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Mike Brandly, Auctioneer
May 11, 20182 min read
The public and auction jargon …
The solution often offered is to eliminate jargon when possible, and use more easily, commonly used words or phrases. Yet, I wonder if...
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Mike Brandly, Auctioneer
May 8, 20182 min read
Advertising real property at auction & fair housing
As a general rule, real property auction advertisements should describe the property’s amenities and features, rather than...
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Mike Brandly, Auctioneer
May 7, 20182 min read
Online-only auction starts to close … and we have a problem
This would mean that 142 lots are already sold, and 358 lots are not sold. The auctioneer running the online-only auction extends the...
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Mike Brandly, Auctioneer
May 4, 20182 min read
Auctioneers and antique firearms
The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) regulates what is an antique firearm and their definition is as follows;...
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Mike Brandly, Auctioneer
May 2, 20182 min read
How do we know online bidders are real?
Such a bird’s-eye view of this issue would include questions such as, “How do we know that live bidder is real?” “How do we know that car...
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Mike Brandly, Auctioneer
Apr 30, 20183 min read
Disclosing the seller can bid at auction …
UCC 2-328. Here are those last two sentences: (4) If the auctioneer knowingly receives a bid on the seller’s behalf or the seller makes...
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Mike Brandly, Auctioneer
Apr 25, 20182 min read
Auctioneers and felonies
We have issues in the United States regarding people who have committed crimes — denying them licensing, the right to vote, the right to...
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Mike Brandly, Auctioneer
Apr 23, 20182 min read
Maybe selling absolute with binding opening bid?
In a without reserve auction, after the auctioneer calls for bids on a property, that property cannot be withdrawn unless no bid is made...
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Mike Brandly, Auctioneer
Apr 19, 20183 min read
Extraordinary liquidated damages in auction contract
Apparently, this auctioneer had (and maybe still has) severe financial penalties in his contract with his seller payable to him — in the...
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Mike Brandly, Auctioneer
Apr 16, 20182 min read
Auction marketing words matter
However, it seems once we as auctioneers removed the word, “Auction” or words, “Public Auction” from prominent spots in our advertising,...
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Mike Brandly, Auctioneer
Apr 12, 20184 min read
“Types” of auctions and ice cream
I would offer probably not. Cases at the Supreme Court of the United States are probably the best ones to use as fact. Yet, consider...
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Mike Brandly, Auctioneer
Apr 9, 20182 min read
Auction bidder buys, takes … and doesn’t pay
The question we tend to get is, “This is theft, right?” We typically answer, “Probably not, and likely only a contract breach.” ...
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Mike Brandly, Auctioneer
Apr 5, 20181 min read
Auctioneers should stay in their lane
This above picture pretty much lays it out visually, in that the right lane is the absolute lane, where the seller has the genuine intent...
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Mike Brandly, Auctioneer
Apr 2, 20183 min read
Different buyer’s premiums for different bidders?
We have discussed this issue numerous times including most recently here: https://mikebrandlyauctioneer.wordpress.com/2018/02/08/is-that...
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Mike Brandly, Auctioneer
Mar 30, 20182 min read
I’m an auctioneer and I specialize in … everything?
Specializing by definition means: (1) concentrate on and become expert in a particular subject or skill. (2) confine oneself to...
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