Mike Brandly, Auctioneer
Ask your client
We wrote about duties auctioneers owe their clients (sellers) in 2009. As we noted then, auctioneers are special agents for their...
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Mike Brandly, Auctioneer
Jun 22, 20114 min read
UCC 2-328 & Reasonable Time
Bib has held over 10,000 auctions in his career — mostly livestock, farm equipment and real property. Today, Bib is holding an auction...
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Mike Brandly, Auctioneer
Jun 20, 20113 min read
No customary closing?
The joy of teaching is almost always amplified by questions and commentary from attendees before class, at breaks and after class; nearly...
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Mike Brandly, Auctioneer
Jun 20, 20113 min read
Buyer’s premium in Wisconsin
Today, there is no state in the United States where the buyer’s premium is not found. Yet, auctioneers in Wisconsin are not permitted to...
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Mike Brandly, Auctioneer
Jun 9, 20113 min read
What is book value?
For instance, a fairly regular buyer of depression glassware who attended our auctions in the late 1980’s would regularly mention the...
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Mike Brandly, Auctioneer
Jun 8, 20112 min read
Sold! for $1.00
This made me wonder what the minimum cost an auctioneer would incur to sell an item for $1.00 (or for any amount) at a live auction....
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Mike Brandly, Auctioneer
May 29, 20112 min read
Too few filler words?
Today, we explore if an auctioneer can be using too few filler words. In other words, other than the current bid (the have) and the...
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Mike Brandly, Auctioneer
May 17, 20113 min read
Too many filler words?
Auctioneer David Whitaker of Ames, Iowa noted recently that too many filler words also contribute to “additional time, and time is money.”...
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Mike Brandly, Auctioneer
May 14, 20112 min read
The time between auction items
In this article, we will be exploring the time between auction items. Just how long does an auctioneer take between “Sold! for $3,500 to...
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Mike Brandly, Auctioneer
May 10, 20113 min read
A “standard” buyer’s premium?
I’m guessing that the word, “standard” is being used in this manner to mean usual, common, or customary. Yet, is the buyer’s premium any...
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Mike Brandly, Auctioneer
Apr 21, 20113 min read
The initial bid at an absolute auction
While it is important to note that a few of those states have slightly modified that same state law, all those states basically operate...
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Mike Brandly, Auctioneer
Apr 2, 20115 min read
The net effect of the buyer’s premium
Since Christie’s and Sotheby’s introduced the buyer’s premium in 1975 in England, and soon after (1977) in the United States, the buyer’s...
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Mike Brandly, Auctioneer
Mar 31, 20112 min read
Can auctions be hypnotizing?
I’ve wondered if this is actually what’s going on at auctions … In fact, there is substantial evidence that humans enter into a light...
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Mike Brandly, Auctioneer
Mar 29, 20112 min read
The faster you sell them …
“The faster you sell them, the better prices are.” It seems valid that during an auction, the faster the pace — the better — for several...
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Mike Brandly, Auctioneer
Mar 11, 20112 min read
Contagion encourages auction purchases
In Yale University’s study, it was noted that celebrities are well regarded, and people may experience positive emotions when they think...
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Mike Brandly, Auctioneer
Mar 7, 20113 min read
How are auctioneers paid?
There are two parties to an auction. On the one side, there is a seller who typically owns the item, or otherwise represents the title...
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Mike Brandly, Auctioneer
Mar 4, 20113 min read
Can friends commit bid rigging?
We wrote about auction bid rigging, also known as auction collusion, some time ago. First, is there a difference between “rig rigging”...
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Mike Brandly, Auctioneer
Feb 16, 20112 min read
How does an auctioneer quiet a noisy crowd?
First, why would an auctioneer have an overly noisy crowd? People do attend auctions to purchase items, but also to converse with friends...
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Mike Brandly, Auctioneer
Feb 8, 20112 min read
Internet Auction Calendars
My intent in this article is to focus on the paramount characteristic of any Internet auction calendar — the number of people who look at...
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Mike Brandly, Auctioneer
Jan 13, 20113 min read
Does one auction purchase spur another?
Tim is an auctioneer in Florida. His once-a-month antiques and collectibles auction is about to begin. This particular auction has a...
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