Mike Brandly, Auctioneer
Seller wants his identity and sales prices kept confidential at auction
It is now 3 years after Mr. Georges Wyatt purchased his long-desired painting. He now wishes to sell the painting at auction, and wants...
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Mike Brandly, Auctioneer
May 28, 20104 min read
Buyer wants his identity and sales price kept confidential at auction
Friday finally arrives, and the subject painting comes up for auction. Mr. Wyatt opens the bid at $100,000 and bidding moves swiftly...
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Mike Brandly, Auctioneer
May 25, 20102 min read
Is it okay for the auction staff to bid?
I am somewhat new to the auction scene and was wondering if it is standard procedure for workers at an auction to bid on items that they...
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Mike Brandly, Auctioneer
May 24, 20102 min read
Why do we say, “It sold for … including the buyer’s premium?”
This is done, generally, to attract clients wishing to sell their items for similar prices. If Julie has a Roseville Blackberry vase to...
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Mike Brandly, Auctioneer
May 22, 20106 min read
Bid increments at auctions
For example, if a 2009 Case IH Magnum 335 is selling at auction, and the auctioneer has $175,000 is asking for $177,500, then the bid...
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Mike Brandly, Auctioneer
May 21, 20102 min read
Changing auction terms is asking for a problem
In the terms and conditions prior to the start of the auction, the auctioneer noted that bids would have to be at least 10% more than any...
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Mike Brandly, Auctioneer
May 17, 20102 min read
Auctioneer bid calling: Want? Sold! Have & Buyer
At auction schools across the United States, one bid calling technique is almost universal at every school: How the auctioneer ends his...
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Mike Brandly, Auctioneer
May 16, 20103 min read
Calculating the buyer’s premium at an auction
We wrote about Buyer’s Premiums and how they worked some time ago. This article is about how to calculate the buyer’s premium. There is...
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Mike Brandly, Auctioneer
May 15, 20102 min read
Auction: Absolute Over $90,000 Opening Bid?
Quite simply, auctioneers use the word “Absolute” to attract maximum buyer interest. Yet, it is nothing less than misrepresentation when...
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Mike Brandly, Auctioneer
May 14, 20103 min read
What is collusion at an auction?
We ask here, “What is collusion at an auction?” Collusion at an auction can involve bidders (buyers), sellers, and/or auctioneers. ...
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Mike Brandly, Auctioneer
May 13, 20109 min read
Aberrant Auction Law, Kentucky #10
This is my tenth “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...
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Mike Brandly, Auctioneer
May 6, 20102 min read
Asking for bids before the auction is starting the auction?
The auctioneer goes out to the auction location on Monday, May 17 to take some pictures and finish up the inventory. The neighbor comes...
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Mike Brandly, Auctioneer
May 4, 20103 min read
Aberrant Auction Law, Ohio #9
This is my ninth “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...
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Mike Brandly, Auctioneer
May 3, 20103 min read
Auctioneers younger than 18?
That amendment granted voting rights to those 18 years or older, altering previous statutes that generally required someone to be 21 to...
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Mike Brandly, Auctioneer
May 2, 20102 min read
Can it sell prior to auction?
Sure. First, when an auction is scheduled — any auction — the seller (owner) has the right to withdraw any item from the auction before...
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Mike Brandly, Auctioneer
May 1, 20103 min read
Offers prior to an auction
This particular loader is in almost new condition and given the features and hours, the owner is expecting to realize about $250,000 for...
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Mike Brandly, Auctioneer
Apr 29, 20103 min read
Questions about stalking horse offers at auction
What is a stalking horse offer at auction? It appears that this is an offer made prior to the auction, to in essence guarantee the seller...
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Mike Brandly, Auctioneer
Apr 25, 20102 min read
Must auctioneer sell him that gun?
As the demand for guns remains strong, auctioneers selling guns are under heightened scrutiny regarding proper procedures and licensing. ...
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Mike Brandly, Auctioneer
Apr 24, 20103 min read
What? Auction where “Third bid buys?”
I’m not sure how to begin this story … other than to say that I had never heard of this type of auction nor this type of bid calling...
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Mike Brandly, Auctioneer
Apr 19, 20103 min read
Why not a licensed auctioneer for a charity auction?
Yet, most of these same states which license auctioneers exempt charity or other such organizations from the license requirement —...
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