Mike Brandly, Auctioneer
Never reopen the bidding?
His rule is, “I never reopen the bidding.” In over 35 years of auctioneering, he’s not reopened a bid — not once. All of Sammy’s clients...
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Mike Brandly, Auctioneer
Jul 5, 20114 min read
When can the bid be reopened?
Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...
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Mike Brandly, Auctioneer
Jul 4, 20114 min read
Price fixing at auction
The story goes, in part, that Pritchard and Juno conspired to “appraise” a Confederate Civil War sword on the Antiques Roadshow...
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Mike Brandly, Auctioneer
Jul 3, 20114 min read
Bid suppression at auction
John arrives and surveys the items up for bid, checking his smart phone for item details and comparative pricing. Just then, he sees his...
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Mike Brandly, Auctioneer
Jul 3, 20113 min read
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 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 25, 20112 min read
Proverbs 20:14 at auctions?
Bidders at auctions behave in all kinds of ways. From very serious buyers to others who just come to watch. Our subject today regards one...
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