Mike Brandly, Auctioneer
The opportunity to bid a certain amount?
Auctions generally don’t assure this bidder he’ll get this item if it sells for $750 — or even less depending upon the increments. For...
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Mike Brandly, Auctioneer
Aug 27, 20183 min read
Higher bids “placed” online
The online bidder is (understandably) upset, “How did I not get this item for my maximum $750 bid? How did someone else get this item for...
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Mike Brandly, Auctioneer
Aug 8, 20182 min read
Representing (or misrepresenting) auction bidders …
We have written about this more than once, including here: https://mikebrandlyauctioneer.wordpress.com/2012/07/17/who-else-was-bidding/...
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Mike Brandly, Auctioneer
Jul 4, 20183 min read
More bidders or the right bidders?
At auction, the final high bid is (largely) determined by the last two bidders — the high bidder and the runner-up bidder. Given that,...
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Mike Brandly, Auctioneer
Jul 2, 20183 min read
The “basics” of the auction business?
https://mikebrandlyauctioneer.wordpress.com/2018/06/18/how-the-auction-industry-lost-at-least-one-bidder/ In that blog, I noted that a...
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Mike Brandly, Auctioneer
Jun 21, 20183 min read
That other bidder, and fraudulent inducement
There are only two types of auctions: with reserve and without reserve. We have written various times about this topic, including here:...
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Mike Brandly, Auctioneer
Jun 14, 20182 min read
Auctioneers … it’s A/B testing, not A testing
The widely held definition of A/B Testing is: A/B testing is a controlled experiment with two variants, A and B. It is a form of...
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Mike Brandly, Auctioneer
Jun 4, 20182 min read
Auctions: Fast, Fun & Transparent
National Auctioneers Association events. Auctions are fast, fun and transparent. Today, we explore what those words mean when referring...
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Mike Brandly, Auctioneer
Jun 1, 20182 min read
Auction bidders are told they “may have won?”
In fact, we proposed some time ago that “may” may be the worst word to use in the auction industry: https://mikebrandlyauctioneer.wordpr...
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Mike Brandly, Auctioneer
May 28, 20182 min read
Reasonable expectation of privacy at auction
https://mikebrandlyauctioneer.wordpress.com/2016/02/17/seller-and-buyer-identity-at-auction/ However, certainly here in 2018 there is an...
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Mike Brandly, Auctioneer
May 16, 20183 min read
Misunderstanding effects of buyer’s premiums …
Some auctions/auctioneers charge a buyer’s premium, and some do not. There is no right or wrong about charging a buyer’s premium — but...
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Mike Brandly, Auctioneer
Apr 30, 20183 min read
Disclosing the seller can bid at auction …
UCC 2-328. Here are those last two sentences: (4) If the auctioneer knowingly receives a bid on the seller’s behalf or the seller makes...
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Mike Brandly, Auctioneer
Apr 19, 20183 min read
Extraordinary liquidated damages in auction contract
Apparently, this auctioneer had (and maybe still has) severe financial penalties in his contract with his seller payable to him — in the...
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Mike Brandly, Auctioneer
Apr 16, 20182 min read
Auction marketing words matter
However, it seems once we as auctioneers removed the word, “Auction” or words, “Public Auction” from prominent spots in our advertising,...
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Mike Brandly, Auctioneer
Apr 5, 20181 min read
Auctioneers should stay in their lane
This above picture pretty much lays it out visually, in that the right lane is the absolute lane, where the seller has the genuine intent...
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Mike Brandly, Auctioneer
Apr 2, 20183 min read
Different buyer’s premiums for different bidders?
We have discussed this issue numerous times including most recently here: https://mikebrandlyauctioneer.wordpress.com/2018/02/08/is-that...
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Mike Brandly, Auctioneer
Mar 26, 20183 min read
Bidder vs buyer performance breach
Our discussion today regards what can — or should — auctioneers do in such instances. Is there anything they can do? If you’re not...
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Mike Brandly, Auctioneer
Mar 14, 20184 min read
The future of the MLS for auctions
Maybe another question might be: What is the future of the real estate industry? How about the auction industry? I would offer these are...
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Mike Brandly, Auctioneer
Mar 7, 20182 min read
Is the reserve price a material fact?
However, some information which buyers might feel is material is also by default confidential. Such is the reserve price which twice in...
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Mike Brandly, Auctioneer
Feb 26, 20183 min read
Don’t bid live — bid online?
Such is the case (again) with http://www.youragentbid.com (Youragentbid) as they continue to contend that they are partnering with large...
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