Mike Brandly, Auctioneer
An auction versus a tag sale or estate sale
A tag sale involves, basically, a person hired by the fiduciary who will “price” each item with a tag, indicating that the item is...
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Mike Brandly, Auctioneer
Jun 23, 20101 min read
Michigan State Auctioneers Association endorses Brandly
For Immediate Release The Board of Directors of the Michigan State Auctioneers Association (MSAA) recently endorsed MSAA member Mike...
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Mike Brandly, Auctioneer
Jun 18, 20102 min read
As-is auction with an especially “as-is” item?
As I understand the story (or stories) is that this one item had a particularly latent issue that the auctioneer wanted his bidders to...
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Mike Brandly, Auctioneer
Jun 13, 20103 min read
What about a two-day auction?
In the 1980’s, Wendy’s experimented with a breakfast offering, which was largely unsuccessful. Among the numerous reasons this endeavor...
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Mike Brandly, Auctioneer
Jun 9, 20103 min read
Should auctioneers sell in more than one ring?
What selling in more than one ring does is get the auction over more quickly. For example, if an auction has 1,500 lots, one auctioneer...
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Mike Brandly, Auctioneer
Jun 8, 20102 min read
Mike Brandly seeks position on NAF Board of Trustees
I call these NAF initiatives: C-C-C Connect, Collaborate, and Communicate. Connect — NAF needs to connect with the auctioneering...
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Mike Brandly, Auctioneer
Jun 8, 20101 min read
Is sales tax charged on top of the buyer’s premium?
This really isn’t complicated. Let’s take two examples: Auctioneer Bob doesn’t charge a buyer’s premium. Customer Sally purchases a...
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Mike Brandly, Auctioneer
Jun 4, 20103 min read
Auctioneer franchising
First, some terminology. In a franchise arrangement, the (typically) local auctioneer becomes a franchisee by buying a franchise from a...
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Mike Brandly, Auctioneer
Jun 2, 20103 min read
On-site versus off-site auctions
At an auction house, rented facility or the like On-site, at the farm, house or property Why would a client prefer an on-site auction...
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Mike Brandly, Auctioneer
Jun 2, 20102 min read
The “Nominal Opening Bid”
We wrote about issues with auctioneers using an opening bid to suggest a minimum bid a few months ago. That post is here: The Opening...
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Mike Brandly, Auctioneer
Jun 1, 20102 min read
Comparing 2 wired auctioneer sound systems
There are a wide variety of sound systems available to auctioneers. Most lower-priced or entry level models are wired, where a cord is...
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Mike Brandly, Auctioneer
May 31, 20102 min read
Comparing 3 wireless auctioneer sound systems
There are a wide variety of sound systems available to auctioneers. Most current models are wireless, or provide for optional wireless...
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Mike Brandly, Auctioneer
May 30, 20103 min read
Seller wants his identity and sales prices kept confidential at auction
It is now 3 years after Mr. Georges Wyatt purchased his long-desired painting. He now wishes to sell the painting at auction, and wants...
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Mike Brandly, Auctioneer
May 28, 20104 min read
Buyer wants his identity and sales price kept confidential at auction
Friday finally arrives, and the subject painting comes up for auction. Mr. Wyatt opens the bid at $100,000 and bidding moves swiftly...
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Mike Brandly, Auctioneer
May 25, 20102 min read
Is it okay for the auction staff to bid?
I am somewhat new to the auction scene and was wondering if it is standard procedure for workers at an auction to bid on items that they...
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Mike Brandly, Auctioneer
May 24, 20102 min read
Why do we say, “It sold for … including the buyer’s premium?”
This is done, generally, to attract clients wishing to sell their items for similar prices. If Julie has a Roseville Blackberry vase to...
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Mike Brandly, Auctioneer
May 22, 20106 min read
Bid increments at auctions
For example, if a 2009 Case IH Magnum 335 is selling at auction, and the auctioneer has $175,000 is asking for $177,500, then the bid...
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Mike Brandly, Auctioneer
May 21, 20102 min read
Changing auction terms is asking for a problem
In the terms and conditions prior to the start of the auction, the auctioneer noted that bids would have to be at least 10% more than any...
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Mike Brandly, Auctioneer
May 17, 20102 min read
Auctioneer bid calling: Want? Sold! Have & Buyer
At auction schools across the United States, one bid calling technique is almost universal at every school: How the auctioneer ends his...
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Mike Brandly, Auctioneer
May 16, 20103 min read
Calculating the buyer’s premium at an auction
We wrote about Buyer’s Premiums and how they worked some time ago. This article is about how to calculate the buyer’s premium. There is...
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