Mike Brandly, Auctioneer
Puffing versus misrepresentation at auction
Puffing goes on in the auction business every day. Auctioneers (and sellers utilizing auctioneers) talk to bidders, and represent in...
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Mike Brandly, Auctioneer
Nov 11, 20112 min read
Can the minimum bid be too low?
In other words, could the minimum bids be so low that they affect the final selling prices in a negative fashion? Let’s say … Bob is...
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Mike Brandly, Auctioneer
Nov 7, 20112 min read
Types of auction commission structures
Prevailing theory is that with a commission structure, the auctioneer and client work together with the same interest … the more the...
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Mike Brandly, Auctioneer
Nov 6, 20113 min read
Auction bidders deserve to know seller identity?
And as more and more sellers sell their property by auction, some sellers — despite believing in the auction method of marketing — wish...
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Mike Brandly, Auctioneer
Oct 30, 20113 min read
Has the reserve confirmation system decreased the buyer pool?
“Has the reserve confirmation system caused the industry to lose buyer confidence and thus decreased the buyer pool?” First, let’s look...
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Mike Brandly, Auctioneer
Oct 29, 20112 min read
Auctions: Is it supply or demand?
Terry’s question restated: Does the property auctioneers are selling attract the bidders and buyers, or due to those bidders and buyers...
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Mike Brandly, Auctioneer
Oct 27, 20114 min read
Last good faith bid?
This 4-paragraph section of state law is the most paramount law for auctioneers in the United States. It dictates, among many things,...
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Mike Brandly, Auctioneer
Oct 24, 20112 min read
The (not so) aging of the auction audience
In other words, we were seeing 30- and 40-year olds at our auctions in the 1980’s, and now we’re seeing primarily 60- and 70-year olds? I...
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Mike Brandly, Auctioneer
Sep 27, 20115 min read
Selling at auction: online versus live
Some have also asked: Is there any evidence of the answer — has there been any research completed on this matter? The answers to these...
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Mike Brandly, Auctioneer
Sep 24, 20113 min read
High bidder doesn’t win?
As we’re waiting for our entrees to arrive to our table, I asked him a question: “Have you ever had two bids of the same amount come in...
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Mike Brandly, Auctioneer
Sep 22, 20112 min read
Auctioneers equally admire
So said the famous Irish writer and poet Oscar Wilde. What did Mr. Wilde mean by this? I suspect he meant that auctioneers, by virtue of...
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Mike Brandly, Auctioneer
Sep 20, 20113 min read
The theater in the auction business
I think Alfred was on to something. It’s worth noting that both Sotheby’s and Christie’s allows bidders four ways to bid at their...
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Mike Brandly, Auctioneer
Sep 17, 20114 min read
Auctioneers being left behind?
While some believe this, I find the quote interesting to study a bit more in depth. An online auction allows bidders to bid via their...
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Mike Brandly, Auctioneer
Sep 15, 20113 min read
The online auction company plan?
In a sweeping investigation by the Federal Bureau of Investigation (FBI), Youragentbid’s offices were raided this morning. While the...
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Mike Brandly, Auctioneer
Sep 14, 20112 min read
Recognition of the online auction provider?
This platform allows auctioneers to list property on their site, and allows bidders to bid two ways. Bidders can either bid during the...
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Mike Brandly, Auctioneer
Sep 10, 20113 min read
Sealed Bid & Absolute Auction
“Is it just me or does “Sealed Bid & Absolute Auction” seem rather confusing? I read about an upcoming auction where it’s called a...
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Mike Brandly, Auctioneer
Sep 9, 20113 min read
Traditional auctioneers only attract bottom feeders?
Real property sells at auction quicker and more efficiently than more traditional methods in any market (more supply than demand, or more...
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Mike Brandly, Auctioneer
Sep 4, 20112 min read
Auctioneer: the oldest profession?
While many reference prostitution as the, “oldest profession” it’s doubtful that can be substantiated either. How old is the...
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Mike Brandly, Auctioneer
Sep 2, 20112 min read
Auctions are an illusion
I recall Larry telling me and many others on several occasions that while people attend auctions for the chance to get a deal, that...
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Mike Brandly, Auctioneer
Sep 1, 20112 min read
Does the UCC 2-328 apply to an online auction?
Despite there not being any licensing law for online auctions in most states, there is contract law and related statutes which courts use...
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