Mike Brandly, Auctioneer
Auctioneers as appraisers
We would agree. If a quality appraisal is wanted and/or needed, a quality appraiser is required. This is why so many auctioneers also...
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Mike Brandly, Auctioneer
Jun 30, 20112 min read
If the seller bids …
The UCC 2-328 speaks to this issue in a somewhat peculiar fashion. In particular: 2-328 (4) If the auctioneer knowingly receives a bid on...
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Mike Brandly, Auctioneer
Jun 27, 20113 min read
Ask your client
We wrote about duties auctioneers owe their clients (sellers) in 2009. As we noted then, auctioneers are special agents for their...
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Mike Brandly, Auctioneer
Jun 22, 20114 min read
UCC 2-328 & Reasonable Time
Bib has held over 10,000 auctions in his career — mostly livestock, farm equipment and real property. Today, Bib is holding an auction...
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Mike Brandly, Auctioneer
Jun 20, 20113 min read
No customary closing?
The joy of teaching is almost always amplified by questions and commentary from attendees before class, at breaks and after class; nearly...
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Mike Brandly, Auctioneer
Jun 20, 20113 min read
Buyer’s premium in Wisconsin
Today, there is no state in the United States where the buyer’s premium is not found. Yet, auctioneers in Wisconsin are not permitted to...
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Mike Brandly, Auctioneer
Jun 14, 20113 min read
Auctioneers & 1099’s
As I frequently teach auctioneer continuing education, I am often asked about this particular issue, as well as more general 1099...
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Mike Brandly, Auctioneer
Jun 9, 20113 min read
What is book value?
For instance, a fairly regular buyer of depression glassware who attended our auctions in the late 1980’s would regularly mention the...
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Mike Brandly, Auctioneer
Jun 8, 20112 min read
Sold! for $1.00
This made me wonder what the minimum cost an auctioneer would incur to sell an item for $1.00 (or for any amount) at a live auction....
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Mike Brandly, Auctioneer
May 30, 20113 min read
The delicate balance of a great auction
There are also other forced sale auctions including foreclosures, repossessions and court-ordered actions (lacking the seller’s consent)....
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Mike Brandly, Auctioneer
May 29, 20112 min read
Too few filler words?
Today, we explore if an auctioneer can be using too few filler words. In other words, other than the current bid (the have) and the...
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Mike Brandly, Auctioneer
May 26, 20112 min read
Selling choice … and then what?
For instance, if an auctioneer is selling choice of twelve flower arrangements, and the high bid is $12.50, the high bidder may take one,...
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Mike Brandly, Auctioneer
May 17, 20113 min read
Too many filler words?
Auctioneer David Whitaker of Ames, Iowa noted recently that too many filler words also contribute to “additional time, and time is money.”...
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Mike Brandly, Auctioneer
May 14, 20112 min read
The time between auction items
In this article, we will be exploring the time between auction items. Just how long does an auctioneer take between “Sold! for $3,500 to...
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Mike Brandly, Auctioneer
May 10, 20113 min read
A “standard” buyer’s premium?
I’m guessing that the word, “standard” is being used in this manner to mean usual, common, or customary. Yet, is the buyer’s premium any...
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Mike Brandly, Auctioneer
May 5, 20113 min read
How long does an auctioneer have to accept a bid?
Simply put, bidders offer an amount to the auctioneer and the auctioneer then accepts the offer if it exceeds the prior bid amount. Bids...
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Mike Brandly, Auctioneer
Apr 24, 20113 min read
Auctioneer commission is only half the picture
Jonathan K. Wu wrote about this concept in his article titled Seller Revenue & Sales Commission in 2008. Let’s say Gina is comparing 5...
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Mike Brandly, Auctioneer
Apr 19, 20112 min read
Selling choice in an absolute auction?
However, combining an absolute auction with selling choice brings us to an interesting legal question. Our question today regards the...
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Mike Brandly, Auctioneer
Apr 9, 20113 min read
Auctioneers and appraisal fairs — the age of items
For auctioneers who conduct such events around the country, this allows schools, churches, and other organizations an opportunity to earn...
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Mike Brandly, Auctioneer
Apr 8, 20112 min read
Bid calling calories
Auctioneers who bid call expend energy, and therefore bid calling does burn calories — but how many? It appears no formal study has been...
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