Mike Brandly, Auctioneer
UCC § 2-328, Kentucky, tie bids
The Uniform Commercial Code § 2-328 denotes that “Where a bid is made while the hammer is falling in acceptance of a prior bid the...
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Mike Brandly, Auctioneer
Jun 30, 20233 min read
Auctioneers and customary
The word “customary” gets attention in the auction business. What is customary? Live and/or online bidding? A variety of payment...
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Mike Brandly, Auctioneer
Jun 28, 20232 min read
Auctioneers and “survivorship bias”
During wars, planes would fly into battle, with unfortunately only some returning home. Those that did return might have bullet holes as...
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Mike Brandly, Auctioneer
Jun 26, 20233 min read
Auctioneers and boycotting
Auctioneers over the last few years have publically said they are boycotting Google, Facebook, The Super Bowl (and anyone who’s performed...
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Mike Brandly, Auctioneer
Jun 23, 20232 min read
Bidders won’t bid past the estimate?
Auctioneers tell me bidders won’t bid past published reserves. Auctioneers tell me bidders won’t bid past pre-auction estimates. In...
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Mike Brandly, Auctioneer
Jun 22, 20232 min read
What’s a term? What’s a condition?
Auctioneers have been announcing and/or publishing their “terms and conditions” for their auctions for centuries. We look closer today...
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Mike Brandly, Auctioneer
Jun 19, 20232 min read
Could your auction purchase be a fake?
If you attend or otherwise bid on property at an auction, could your purchase be a fake? Further, if you purchase a fake item, what...
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Mike Brandly, Auctioneer
Jun 16, 20232 min read
Only previous bidders can place a new bid?
In a soft close with extended bidding, I noted that an auctioneer expressed, “Only previous bidders can place a new bid” and wondered...
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Mike Brandly, Auctioneer
Jun 12, 20233 min read
“With” or “without” reserve
Auctions are by default “with reserve” unless explicitly denoted as “without reserve” in 49 states. In Louisiana, it’s the opposite, as...
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Mike Brandly, Auctioneer
Jun 8, 20232 min read
Auction platforms, mergers, acquisitions
Rarely does a day go by when I don’t read, hear, or otherwise note that some auctioneer is disappointed with some auction platform “ever...
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Mike Brandly, Auctioneer
Jun 5, 20233 min read
In the case of a tied bid, there’s not?
I’m watching an online-only auction and see the note: “In the case of a tied bid, precedence is given to the earlier bid.” My first...
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Mike Brandly, Auctioneer
Jun 2, 20232 min read
Can the seller, client, or consignee dictate your commission?
Countless auctioneers work with sellers, clients, or consignees and many times the auctioneer dictates the commission or charge for their...
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Mike Brandly, Auctioneer
May 30, 20232 min read
Auctioneers, value, price, and speech
Auctioneer says it’s worth $40,000 and it sells for $25,000. Another auctioneer says it’s worth $10,000 and it sells for $25,000. Our...
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Mike Brandly, Auctioneer
May 25, 20233 min read
No auction works unless …
See, that marketplace auction platform didn’t work. However, it is the platform or is it the auctioneer? Let’s explore. In fact, it...
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Mike Brandly, Auctioneer
May 22, 20233 min read
Probably unenforceable auction terms …
They get copied, and copied, and copied … and auctioneers really don’t pay any attention because it’s what some other auctioneer is...
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Mike Brandly, Auctioneer
May 19, 20232 min read
Auctioneers … would a space or two help?
I’m viewing an online auction on my phone (as most do) and I realize space is a premium. Yet, I see “High Bid:111.00 USD” and have to...
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Mike Brandly, Auctioneer
May 17, 20232 min read
Reserve auction needs reserves?
The argument for with reserve auctions goes like this: The high bids on lots were below market value, and as such, the reserve auction...
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Mike Brandly, Auctioneer
May 15, 20232 min read
Auctioneers: “I shouldn’t be required to take CE”
There are auctioneers in the United States arguing they should not be required to take any continuing education (CE) as practicing...
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Mike Brandly, Auctioneer
May 11, 20232 min read
Who should interpret auction licensing law?
There’s an interesting trend underway in the United States … where states and courts are considering (and ruling) that the legislative...
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Mike Brandly, Auctioneer
May 8, 20232 min read
Auctioneers are being misled …
Time and time again, auctioneers are trying to find the “right platform” to use for their online auction. Their concerns, however,...
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