Mike Brandly, Auctioneer
“As-is” with absolutely no inspection opportunity
Of course, caveat emptor is the principle that the buyer alone is responsible for checking the quality and suitability of goods before a...
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Mike Brandly, Auctioneer
Oct 3, 20182 min read
Make an auction offer irrevocable … accept it.
As most know, in contract law offers basically remain open until acceptance, rejection, revocation, expiration, operation of law, death,...
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Mike Brandly, Auctioneer
Oct 1, 20182 min read
The highest price … or the highest offer?
Song Dynasty. One such example came up for auction in London, England and Dr. Yao planned to attend and bid. The day of the auction, Dr....
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Mike Brandly, Auctioneer
Sep 25, 20182 min read
Asking/requiring a bidder to leave the auction
This question is almost the same question we answered in 2017 when we wrote about denying a bidder from participating in an auction event....
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Mike Brandly, Auctioneer
Sep 21, 20182 min read
Auction events are often not perfect …
One thing I think we’ve learned over this time is that “auction events are not perfect.” What do we mean by that? We mean just that …...
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Mike Brandly, Auctioneer
Sep 20, 20182 min read
Using a POA to circumvent auction licensing
The question becomes: “Can a power of attorney (POA) circumvent the licensing requirement?” It appears to us that unless the state has...
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Mike Brandly, Auctioneer
Sep 17, 20182 min read
Auctioneers and standard form contracts
N.A.S.H (National Auction Supply House), Keifer Auction Supply and Missouri Auction School. Additionally, and our topic today, some...
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Mike Brandly, Auctioneer
Sep 13, 20182 min read
Can counterfeits, replicas, knockoffs … sell at auction?
Take a look at this $1,000 Federal Reserve Note. In fact, it’s not a $1,000 Federal Reserve Note at all, but rather a forgery,...
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Mike Brandly, Auctioneer
Sep 10, 20183 min read
UCC 2-328 allows reopen if other bidder is upset?
Quite frankly, bid calling isn’t terribly complicated in that auctioneers basically take (accept) bids from individual bidders until...
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Mike Brandly, Auctioneer
Sep 5, 20183 min read
The opportunity to bid a certain amount?
Auctions generally don’t assure this bidder he’ll get this item if it sells for $750 — or even less depending upon the increments. For...
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Mike Brandly, Auctioneer
Sep 3, 20185 min read
Simulcast auctions … how they work and how they don’t
eBay works this way. For example, we have Bidder A and Bidder B. Bidder A submits a $750 maximum bid on eBay and his high bid is at $5 …...
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Mike Brandly, Auctioneer
Aug 29, 20182 min read
One bid and 200 other bidders stand in silence?
The entire story is here: https://www.holidaysincornwall.com/farmers-stand-in-silence-at-auction-so-a-young-man-can-buy-back-his-family-...
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Mike Brandly, Auctioneer
Aug 27, 20183 min read
Higher bids “placed” online
The online bidder is (understandably) upset, “How did I not get this item for my maximum $750 bid? How did someone else get this item for...
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Mike Brandly, Auctioneer
Aug 24, 20182 min read
Auctioneers are asked, “What do you charge?”
Ask a surgeon what it costs to perform surgery. Ask a car repair technician what the charge will be to repair your car. Ask an insurance...
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Mike Brandly, Auctioneer
Aug 23, 20182 min read
Can an auctioneer association discipline a member?
Sometime last year, one quilter was accused of making inappropriate comments to another. The harmed quilter notified the officers and...
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Mike Brandly, Auctioneer
Aug 20, 20181 min read
Auctioneers donating their time to 501(c)(3)
As can be seen in IRS Publication 526: https://www.irs.gov/pub/irs-pdf/p526.pdf, the “value of your time or services” is not deductible....
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Mike Brandly, Auctioneer
Aug 18, 20184 min read
Ohio Auctioneers & Trust Accounts
That previous writing is here: https://mikebrandlyauctioneer.wordpress.com/2012/06/23/auctioneer-trust-accounts/. Today, we look at my...
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Mike Brandly, Auctioneer
Aug 15, 20183 min read
Auctioneers, Facebook, Censorship and [Fake] News …
Facebook‘s stock plunged 19% losing about $119 billion in market value constituting the biggest single-day loss for any public company in...
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Mike Brandly, Auctioneer
Aug 13, 20182 min read
Auctioneers, the IRS and appraisals
For reference, here is our previous article on IRS appraisals from 2013: https://mikebrandlyauctioneer.wordpress.com/2013/05/01/auctione...
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Mike Brandly, Auctioneer
Aug 8, 20182 min read
Representing (or misrepresenting) auction bidders …
We have written about this more than once, including here: https://mikebrandlyauctioneer.wordpress.com/2012/07/17/who-else-was-bidding/...
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