Mike Brandly, Auctioneer
Calling bids does not make one an auctioneer?
Let’s say Trisha graduates from high school, and decides to start her own company. She is proficient with computers and programming, and...
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Mike Brandly, Auctioneer
Sep 21, 20103 min read
Low starting prices = higher sale prices at auction
Thus the conclusion of the study titled “Starting Low but Ending High: A Reversal of the Anchoring Effect in Auctions“ by Gillian Ku,...
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Mike Brandly, Auctioneer
Sep 18, 20103 min read
Auction buyer abandonment
The Buyer has no right of abandonment whatsoever. The Buyer agrees to remove all purchased property from the Auction Site within the...
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Mike Brandly, Auctioneer
Sep 9, 20103 min read
Real property has no value at all?
Among the 1,000’s of real property auctions occurring every day in the United States, there are some properties that are garnering no...
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Mike Brandly, Auctioneer
Sep 6, 20103 min read
Do online-only auctions realize more money for the seller?
First, it is probably important to note that the recent Michigan State University Auction Industry 2010 study showed that only 6% of all...
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Mike Brandly, Auctioneer
Sep 3, 20103 min read
What to ask that real estate auctioneer
For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...
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Mike Brandly, Auctioneer
Sep 2, 20102 min read
Are pre-auction estimates purposely low?
Large, well-known auction houses (and some smaller, lesser-known auction houses) publish catalogs listing items in upcoming auctions, and...
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Mike Brandly, Auctioneer
Aug 28, 20102 min read
Can you have an auction on Sunday?
Why is this even a question? Can you have an auction on Monday? No auctioneer ever considers that question. But Sunday seems to get...
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Mike Brandly, Auctioneer
Aug 27, 20102 min read
Real estate has no value at all?
The term “real estate” is prevalent in our language, but is sometimes misused. Yes, those are probably real estate agents, and yes,...
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Mike Brandly, Auctioneer
Aug 26, 20103 min read
The Certified Auctioneer Institute
The Indiana Auctioneers Association started this program, and it quickly grew to the point that their state association was overly...
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Mike Brandly, Auctioneer
Aug 24, 20103 min read
Can the seller bid at auction?
One right that is sometimes given up, but other times not, is the right to bid on that property at the auction. Why do sellers want to...
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Mike Brandly, Auctioneer
Aug 24, 20103 min read
Unethical Bid Calling #7, The Drop Off
Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...
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Mike Brandly, Auctioneer
Aug 23, 20102 min read
Auctioneer Collaboration: The Super Auction
At The Super Auction, held twice annually, each auctioneer participant contributes one or more auction rings of their own items (each...
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Mike Brandly, Auctioneer
Aug 20, 20103 min read
So where do you start the bid?
Auctioneers generally don’t start the bid. What happens at a typical auction is the auctioneer suggests a price to the audience (legally,...
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Mike Brandly, Auctioneer
Aug 17, 20102 min read
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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