Mike Brandly, Auctioneer
What does it mean to “buy something back?”
A television station just today reported that banks were, “buying homes back” at foreclosure auctions taking place in their county. Late...
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Mike Brandly, Auctioneer
Aug 13, 20103 min read
Can the auction reserve be $0.00?
As we have discussed in various posts, there are two types of auctions: With reserve Without reserve In a with reserve auction, the...
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Mike Brandly, Auctioneer
Aug 7, 20103 min read
Auction Industry 2010 Part III
The study is broken into 3 basic parts, with a preface. I will also comment on some of the statistics presented. Part III of the study...
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Mike Brandly, Auctioneer
Aug 6, 20102 min read
Auction Industry 2010 Part II
The study is broken into 3 basic parts, with a preface. I will also comment on some of the statistics presented. Part II of the study...
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Mike Brandly, Auctioneer
Aug 5, 20103 min read
Auction Industry 2010 Part I
The study is broken into 3 basic parts, with a preface. I will also comment on some of the statistics presented. Part I of the study...
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Mike Brandly, Auctioneer
Aug 5, 20102 min read
Auction Industry 2010 Preface
The study is broken into 3 basic parts, with a preface which we discuss here. I will also comment on some of the statistics presented....
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Mike Brandly, Auctioneer
Aug 3, 20102 min read
Auctioneer says, “I’ve got it all over the house!”
The phrase, “I’ve got it all over the house” communicates to the bidders that there is much interest in this item being sold; the...
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Mike Brandly, Auctioneer
Aug 1, 20102 min read
Auctioneer Fellowship
Auctioneers are, on the whole, very social beings. They enjoy being around other auctioneers and discussing the industry they so enjoy. ...
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Mike Brandly, Auctioneer
Jul 24, 20103 min read
Can auctioneers reopen the bidding?
As we have noted before, auctioneer bid calling is a series of oral contracts. A bid is received from a bidder and is accepted by the...
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Mike Brandly, Auctioneer
Jul 21, 20102 min read
Should I go to auction school?
First, many states in the United States require a license to act as an auctioneer. And, most of those license states require...
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Mike Brandly, Auctioneer
Jul 17, 20102 min read
The NAA IAC Final Round Questions ’10
At the 2010 National Auctioneers Association (NAA) International Auctioneer Championship (IAC) recently held Friday, July 16 in...
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Mike Brandly, Auctioneer
Jul 10, 20103 min read
Auctioneers aren’t commodities
We concluded rather swiftly, that the answer was, “No,” that auctioneers were not commodities. Let’s first look at what a commodity is:...
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Mike Brandly, Auctioneer
Jul 4, 20103 min read
Where are the auctions?
We wrote concerning the number of auctioneers a few months ago. Here, we wish to discuss how many auctions there are, and where they are...
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Mike Brandly, Auctioneer
Jul 1, 20102 min read
Auctioneers must have great support staff
These support personnel often are a spouse, children, father, mother, or other family; many auctioneers hire employees (or contract with...
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Mike Brandly, Auctioneer
Jun 25, 20103 min read
Does anything sell at auction for less than market value?
In our article about tag (estate) sales, we noted that at an auction, everything sells for market value. We made this statement without...
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Mike Brandly, Auctioneer
Jun 24, 20104 min read
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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