Mike Brandly, Auctioneer
Changing the “type” of auction
The seller has informed his auctioneer that he is willing to sell his prized framed painting for $150,000, at his upcoming auction, and...
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Mike Brandly, Auctioneer
Jun 1, 20152 min read
With reserve with a reserve
As I’ve noted over the years, there are only two types of auctions — with reserve and without reserve. We discussed in more detail here:...
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Mike Brandly, Auctioneer
May 27, 20153 min read
How long is a bid a bid?
For example, an auctioneer saying, “Somebody start me out at $500,000 …” is a suggestion — an invitation to offer $500,000. If a bidder...
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Mike Brandly, Auctioneer
May 19, 20152 min read
The Touch of the Master’s Hand
The Touch of the Master’s Hand ’Twas battered and scarred, and the auctioneer Thought it scarcely worth his while To waste much time on...
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Mike Brandly, Auctioneer
May 15, 20153 min read
Auctioneers and bulk sale laws
In the case of a business closing or the like, the auction itself may be subject to the “bulk sale” laws in the United States. Bulk sale...
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Mike Brandly, Auctioneer
May 12, 20152 min read
What if the seller bids first?
In a somewhat modest legal case, an attorney informed me that he represented a buyer who felt injured by the seller bidding against him...
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Mike Brandly, Auctioneer
May 5, 20152 min read
Auctioneers & no-sale (no-performance) fees
Auctioneers are also sometimes paid when property doesn’t sell. Paid when property doesn’t sell? Yep, even when it doesn’t sell....
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Mike Brandly, Auctioneer
May 1, 20153 min read
As-is and fairness
Many cars selling at auction sell, “as-is” and “where-is” and essentially include terms that the bidders are to not rely on any...
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Mike Brandly, Auctioneer
Apr 29, 20153 min read
Can an auctioneer say, “Sold!” and not mean it?
This typically involves promises between buyer and seller to provide the subject property to the high bidder and making the related...
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Mike Brandly, Auctioneer
Apr 27, 20152 min read
Auction marketing — push or pull?
This advertising was sometimes augmented with mailings (postcards, letters and catalogs) along with signs and putting up fliers around...
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Mike Brandly, Auctioneer
Apr 24, 20152 min read
The Fast Talking Podcast
Andy Imholte has done an outstanding job of bringing quality audio podcasts to the auctioneer community. His website...
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Mike Brandly, Auctioneer
Apr 20, 20153 min read
The auction crowd appraisal
Saturday arrives and a huge crowd has assembled, mostly around this ’57 Cadillac. Lyle has been wondering for over a week what the car...
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Mike Brandly, Auctioneer
Apr 13, 20153 min read
Value anchoring in the auction business
You can listen to an auctioneer value anchoring at virtually any live auction in the United States any day of the week at over 2,500 live...
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Mike Brandly, Auctioneer
Apr 8, 20153 min read
So tell me about this other auctioneer …
However, with the death of her father, Sophie asked around and was told to contact an auctioneer. So she did — in fact she contacted...
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Mike Brandly, Auctioneer
Apr 6, 20152 min read
Auction performance fees
Late 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...
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Mike Brandly, Auctioneer
Mar 30, 20155 min read
Auctioneers and religious freedom
Relatedly, in the United States, religious freedom is … as referred to by the First Amendment to the Constitution [December 15, 1791:]...
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Mike Brandly, Auctioneer
Mar 25, 20153 min read
Two types of auctioneer regulators
I am currently consulting with an attorney in a far southern state about their auction laws and a related court case. Yesterday, she...
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Mike Brandly, Auctioneer
Mar 18, 20153 min read
13 things the UCC 2-328 doesn’t [quite] answer
It remains today the most misunderstood 254 words in the auction world — by far. The UCC 2-328 says lots of things: There are only two...
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Mike Brandly, Auctioneer
Mar 16, 20152 min read
Look! We’re not open yet.
“Great,” I replied. I’ll take a look at it online and get registered. As I searched online, I found the auction, only to note that...
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Mike Brandly, Auctioneer
Mar 11, 20152 min read
Auctioneers & the first-sale doctrine
This cornucopia of auction offerings sometimes includes copyrighted and/or trademarked property — such as a book, which clearly denotes...
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