Mike Brandly, Auctioneer
A curious 1931 Model J Duesenberg
John apparently stored his 1931 Model J Duesenberg automobile (and a Rolls Royce) in a Manhattan storage unit (Windsor Garage) for over...
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Mike Brandly, Auctioneer
Mar 10, 20123 min read
Auctioneer’s chant: Captivation & Motivation
The auctioneer’s chant, however, is much more than simply a time-honored institution in the industry, according to Mike Jones, CAI, BAS,...
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Mike Brandly, Auctioneer
Feb 14, 20123 min read
Bidder bids a negative amount …
I was asked the other day if a bidder bid a negative amount (such as -$50) at an absolute [without reserve] auction, “Is the auctioneer...
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Mike Brandly, Auctioneer
Nov 25, 20114 min read
Customary closing is … the price?
We write here about our analysis of this somewhat unusual type of auctioneer closing. The UCC 2-328 as adopted by 49 of the 50 states in...
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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 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 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 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
Aug 28, 20113 min read
Different increments for different bidders?
In other words, can an auctioneer have Julie on at $500 and ask (demand) Rachel bid $525 to outbid Julie, and when Rachel bids $525, then...
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Mike Brandly, Auctioneer
Aug 23, 20112 min read
What’s the best day for an auction?
It’s worth noting that we wrote some time ago about having an auction on Sunday. We explored why Sunday was a perfectly good day for an...
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Mike Brandly, Auctioneer
Aug 18, 20113 min read
Caveat venditor and auctions
In contrast, today we write about “Caveat venditor” which is Latin for, “Let the seller beware.” So, how does caveat venditor relate to...
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Mike Brandly, Auctioneer
Aug 17, 20113 min read
Caveat emptor and auctions
The practical matter of caveat emptor is that buyers should be alert to omission, deception and misrepresentation in transactions,...
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Mike Brandly, Auctioneer
Aug 12, 20113 min read
The effect of the “as-is” clause
Here we explore the effect of the “as-is” clause. First, some terminology for our discussion today: Patent: Open, obvious, viewable...
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Mike Brandly, Auctioneer
Aug 7, 20113 min read
Online auctions lack a crucial element
Justin went on to describe what was lacking … “That a computer can’t put its hand on your back and tell you to bid on more time.” He also...
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Mike Brandly, Auctioneer
Aug 6, 20113 min read
We’ll both buy?
Vince arrives to a restaurant auction on Saturday and finds several palettes of new coffee filters. He estimates that there are about...
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Mike Brandly, Auctioneer
Jul 19, 20113 min read
Sold! Subject to seller’s approval?
Bob replied, “Well, I’m unclear. The auctioneer said, “Sold!” but I then heard the seller had 48 hours to accept or reject the offer.”...
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Mike Brandly, Auctioneer
Jul 8, 20113 min read
Ringman & Bids
Typically someone will mention that, “My ringman had a bid,” or “My ringman was on,” in regard to where the bid was and who was in or...
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Mike Brandly, Auctioneer
Jul 5, 20114 min read
When can the bid be reopened?
Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...
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Mike Brandly, Auctioneer
Jul 4, 20114 min read
Price fixing at auction
The story goes, in part, that Pritchard and Juno conspired to “appraise” a Confederate Civil War sword on the Antiques Roadshow...
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