Mike Brandly, Auctioneer
Auctioneers behaving more “reasonably”
Does this sound familiar? Bidders must agree to sales which are “as-is” where-is, all selling “with reserve,” we’ll be taking fictitious...
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Mike Brandly, Auctioneer
Nov 18, 20192 min read
$400 Million at auction
However, in November 2017 Christie’s (New York) Alex Rotter relayed a phrase from a phone bidder never before heard at an art auction: ...
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Mike Brandly, Auctioneer
Nov 6, 20192 min read
Online auctions: How many items? How long until the closing?
There may be no certain “right” number of items (lots) nor any certain “right” amount of time those items (lots) are exposed to the...
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Mike Brandly, Auctioneer
Oct 18, 20192 min read
Any pre-auction offers must be … or do they?
One afternoon we were discussing offers prior with our staff and our marketing coordinator remarked, “Don’t those offers need to be on...
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Mike Brandly, Auctioneer
Sep 11, 20192 min read
Auction buyers are increasingly buyer premium sensitive
However, over 40 years of the buyer’s premium has educated the public to the point that most figure it in when bidding. In other words,...
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Mike Brandly, Auctioneer
Jul 19, 20192 min read
The opening bid incentive
For instance, say a [thought-to-be] $10,000,000 property is up for auction. The auctioneer says that he will pay a 13% opening bid...
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Mike Brandly, Auctioneer
Jun 25, 20192 min read
Setting the bid in …
https://mikebrandlyauctioneer.wordpress.com/2017/04/13/should-the-auctioneer-set-the-bid-in/. For instance, “I have $500 and want $550...
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Mike Brandly, Auctioneer
Jun 17, 20193 min read
We have a big mailing list and a large database of bidders …
However, today we focus on that “big mailing list and large database of bidders” in that what difference does that make? In other words,...
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Mike Brandly, Auctioneer
May 3, 20192 min read
Number of bidders, competition, intensity, willingness … to bid?
https://mikebrandlyauctioneer.wordpress.com/2019/04/01/auctioneers-alpha-and-beta-and-more/. Our thinking comes from conducting thousands...
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Mike Brandly, Auctioneer
Apr 18, 20192 min read
Are we making buying at auction easier or more difficult?
I’ve been a long-standing advocate for auctioneers to join the 21st century — simpler, more equitable terms and conditions. Yet,...
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Mike Brandly, Auctioneer
Apr 1, 20193 min read
Auctioneers, Alpha and Beta and more …
Of course, the issue is — who is the most interested bidder? Who is the second most interested bidder? Since prior to the auction, these...
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Mike Brandly, Auctioneer
Feb 27, 20192 min read
When is a seller’s bid a shill bid?
What is shill bidding? Shill bidding is generally any bidding which lacks the “genuine intent to purchase” and rather bidding in order...
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Mike Brandly, Auctioneer
Feb 20, 20193 min read
Online auction bidders don’t read?
Terms and conditions of an auction [particularly online-only or simulcast] might say, “No shipping,” “15% Buyer’s premium,” “$20 handling...
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Mike Brandly, Auctioneer
Feb 13, 20193 min read
What’s faster? Live auction or online auction?
Live auctioneers can sell 2-3-4 lots of personal property a minute. Let’s say the average lot takes 25 seconds — so they sell in 25...
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Mike Brandly, Auctioneer
Jan 18, 20193 min read
The threat to live (all) auctions
If there is a real threat to consider here, it’s the threat to all auctions, not only one type. As we’ve written before … in 2003 the...
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Mike Brandly, Auctioneer
Jan 14, 20192 min read
Auctioneer says this guy is a deadbeat?
For the most part, this is really good information in that other auctioneers can take note, and take precautions to avoid the same these...
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Mike Brandly, Auctioneer
Dec 31, 20184 min read
Why are we looking for “tie bids?”
A tie implies sameness — a draw or deadlock. In other words, at auction for there to be a tie bid, both bidders would have to bid the...
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Mike Brandly, Auctioneer
Dec 26, 20182 min read
Are auctioneers “hired guns?”
We wrote about traits to look for when hiring a contract auctioneer here: http://mikebrandlyauctioneer.wordpress.com/2014/01/03/the-9-im...
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Mike Brandly, Auctioneer
Oct 24, 20183 min read
Possible risk with assigning risk
https://mikebrandlyauctioneer.wordpress.com/2018/10/18/puffing-or-representing-while-bid-calling/ and as promised, here’s our more...
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Mike Brandly, Auctioneer
Sep 10, 20183 min read
UCC 2-328 allows reopen if other bidder is upset?
Quite frankly, bid calling isn’t terribly complicated in that auctioneers basically take (accept) bids from individual bidders until...
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