Mike Brandly, Auctioneer
No auction is “safe” from disaster
Sometimes the online auctioneers tell the live auctioneers that they don’t have to worry about rain, snow, high wind, traffic,...
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Mike Brandly, Auctioneer
Dec 22, 20203 min read
Accepting partial payment
Auctioneers (and thus sellers) have bidders who register to bid, win the bid, but refuse to pay. It’s fairly common in the online...
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Mike Brandly, Auctioneer
Dec 21, 20203 min read
The White House and occupational licensing
On December 14, 2020, President Donald J. Trump issued an Executive Order on Increasing Economic and Geographic Mobility. The complete...
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Mike Brandly, Auctioneer
Dec 18, 20203 min read
Bidding irregularities?
We have sold cars at auction for decades. More recently, those auctions have been online-only. It seems now we have bidders who are...
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Mike Brandly, Auctioneer
Dec 16, 20203 min read
What is “sufficient marketing” for an auction?
Auctions should be advertised (or marketed) sufficiently. As well, auctions should not be advertised insufficiently. So, what’s...
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Mike Brandly, Auctioneer
Dec 15, 20203 min read
Our reserve “rules” we make up
I think I’ve seen almost every rule an auctioneer has for having (and/or not disclosing) the reserve price — including “sellers might or...
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Mike Brandly, Auctioneer
Dec 14, 20203 min read
When is an auction a particularly good decision?
We’ve told countless people that when a seller (owner) has “urgency,” “equity” and “reasonable expectations” that an auction is a perfect...
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Mike Brandly, Auctioneer
Dec 10, 20202 min read
Auctioneer’s favorite gavel?
Artnet News Senior Market Editor Eileen Kinsella published an article on December 3, 2020, titled “Going Once! 11 World-Class Auctioneers...
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Mike Brandly, Auctioneer
Dec 8, 20203 min read
Auctioneers and fine print
As an expert witness in auction cases, I’m seeing more and more fine print — particularly in auction terms and conditions. The thinking...
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Mike Brandly, Auctioneer
Dec 7, 20202 min read
Absolute with a minimum opening
We have written numerous times about without reserve (absolute) auctions coupled with minimum opening bids or minimum bid increments. ...
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Mike Brandly, Auctioneer
Dec 3, 20202 min read
Conflict of interest and net listings
Auctioneers work primarily as agents and for clients (principals) in performing their duties. As such, they would owe loyalty to those...
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Mike Brandly, Auctioneer
Dec 1, 20202 min read
Opening an auction house
When I was attending auction school, we would go out at night to various local auction houses to practice our bid calling and stage...
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Mike Brandly, Auctioneer
Nov 30, 20202 min read
Auctioneers not advertising certain places …
Auctioneers are charged with maximizing their client’s (seller’s) position — raise the most money, clean the warehouse completely out,...
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Mike Brandly, Auctioneer
Nov 27, 20203 min read
Should we let that bidder bid?
It’s a constant struggle — terrifically amplified in online auctions — to decide if we as an auctioneer (and seller) allow any certain...
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Mike Brandly, Auctioneer
Nov 25, 20203 min read
Auction buyer didn’t pay
All auctioneers probably have high bidders (buyers) who refuse to pay. What is an auctioneer to do? It appears the solution is vested...
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Mike Brandly, Auctioneer
Nov 23, 20202 min read
We’ve always done it this way … so what should we do?
We wrote in 2014 that many auctioneers have bad habits and are hesitant to change because they’ve always done it this way: ...
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Mike Brandly, Auctioneer
Nov 20, 20202 min read
Bidders won’t bid past disclosed reserve?
Some auctioneers are telling me that if they disclose the reserve on a property, bidders won’t bid beyond the reserve. I don’t believe...
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Mike Brandly, Auctioneer
Nov 18, 20202 min read
Nobody can shut down my auction business?
Auctioneers are generally hard-working individuals who enjoy a great deal of freedom. Other than licensing in some states and 254 words...
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Mike Brandly, Auctioneer
Nov 16, 20203 min read
Frivolous auction lawsuits
As a frequent auction expert witness, we’ve been privy to some others’ thoughts on suing auctioneers, sellers, and buyers which would...
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Mike Brandly, Auctioneer
Nov 12, 20203 min read
The “Prudential Rule” and “as is”
The Texas Supreme Court heard the case of “Prudential Insurance Co. of America v. Jefferson Associates, Ltd., 896 S.W.2d 156 (Tex. 1995)”...
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