Mike Brandly, Auctioneer
The State of the United States Auction Market — 2018
National Auctioneers Association engaged Morpace (now Escalent) to survey the auction industry about 10 years ago. As well, in 2010 the...
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Mike Brandly, Auctioneer
Sep 23, 20193 min read
Buyer’s premiums: awareness and effect
Another auctioneer noted that being aware of the buyer’s premium and it having an effect on one’s bidding are two different things. As...
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![Guinness World [Auction] Record?](https://static.wixstatic.com/media/69aad9_4f1d4fd79659418fac4d0e68d0b24292~mv2.jpg/v1/fill/w_1816,h_1364,fp_0.50_0.50,q_90,enc_auto/69aad9_4f1d4fd79659418fac4d0e68d0b24292~mv2.jpg)
Mike Brandly, Auctioneer
Sep 20, 20192 min read
Guinness World [Auction] Record?
Guinness World Records has ever heard of, but it’s hardly the most items sold in 12 hours by an auctioneer. Here is the story we saw …...
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Mike Brandly, Auctioneer
Sep 18, 20192 min read
Sellers and buyers just after (or during) the auction?
There are possibly two different types of situations here: Sellers and buyers consummating deals during/after the auction with property...
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Mike Brandly, Auctioneer
Sep 16, 20192 min read
Auctioneer membership isn’t important? We disagree …
Others say that all the presenters talk about is their successful auctions and others claim that the association only promotes the big...
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Mike Brandly, Auctioneer
Sep 11, 20192 min read
Auction buyers are increasingly buyer premium sensitive
However, over 40 years of the buyer’s premium has educated the public to the point that most figure it in when bidding. In other words,...
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Mike Brandly, Auctioneer
Sep 9, 20192 min read
How competent must auctioneers be?
The National Auctioneers Association dictates in their Code of Ethics that auctioneers [members] “shall recognize the limitations of...
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Mike Brandly, Auctioneer
Sep 5, 20192 min read
Auctioneers … information versus affirmation
Colin Cowherd said it. From September, 2017 the quote as I understand it was, “People now only seek affirmation. Not information.” ...
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Mike Brandly, Auctioneer
Sep 2, 20193 min read
12 important considerations about auctioneer sound systems …
Most important Company. Does the manufacturer stand behind their products? Some companies only service systems for 5-7 years and then...
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Mike Brandly, Auctioneer
Aug 28, 20192 min read
When to disclose the reserve and when not to …
The answer to that question is fairly straightforward. If the minimum is good news, it should be disclosed and if it’s bad news (or...
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Mike Brandly, Auctioneer
Aug 26, 20192 min read
Here’s what you bought — not what we pictured
He thought he was buying something else because the picture showed the villa(s) and further did not mark, outline or otherwise denote...
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Mike Brandly, Auctioneer
Aug 22, 20192 min read
Auctioneers and the statute of limitations
While the “statute of limitations” varies around the United States and by circumstance, many states have a general four-year statute of...
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Mike Brandly, Auctioneer
Aug 16, 20192 min read
Is the minimum bid really the minimum bid?
What if an auctioneer says, “This property’s minimum bid is $550,000” and then it sells at auction for $520,000? The advertising said...
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Mike Brandly, Auctioneer
Aug 9, 20192 min read
Auctions: Changing ages and tastes? Indeed
We wrote about this subject here in 2015: https://mikebrandlyauctioneer.wordpress.com/2015/08/10/what-some-collectors-cant-find-buyers/....
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Mike Brandly, Auctioneer
Aug 5, 20192 min read
Christie’s spirit of disclosure
Christie’s. Here we share with you some of their disclosures which are quite frankly difficult to find otherwise in the auction...
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Mike Brandly, Auctioneer
Aug 2, 20192 min read
Attention auctioneers: it’s worth this and for sale for that?
I can get something estimated to be worth $131,500 for $497? I can get something estimated to be worth $20,000 for $297? It would seem...
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Mike Brandly, Auctioneer
Jul 30, 20192 min read
Competing in auctioneer contests
Ohio State Fair. I was always inspired by words of wisdom passed down to competitors about competing, winning and losing. One such list...
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Mike Brandly, Auctioneer
Jul 24, 20192 min read
First amendment lessons for auctioneers
As someone who’s published a blog for almost 10 years, we are especially attentive to our right to publish and for our content to be...
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Mike Brandly, Auctioneer
Jul 22, 20192 min read
Cheaper, faster or better?
If we’re cheap and fast, we’re probably not better If we’re cheap and better, we’re probably not fast If we’re fast and better, we’re...
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Mike Brandly, Auctioneer
Jul 19, 20192 min read
The opening bid incentive
For instance, say a [thought-to-be] $10,000,000 property is up for auction. The auctioneer says that he will pay a 13% opening bid...
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