Mike Brandly, AuctioneerJan 26, 20232 min readApparently little known bid calling basicsIf you have participated in a live or online auction, the auctioneer’s “chant” nor the online platform is generally placing bids. We say...
Mike Brandly, AuctioneerOct 31, 20223 min readWhat’s the bidder’s consideration?We see auctioneers somewhat routinely noting that bidders’ bids once placed (accepted) can’t be revoked nor withdrawn — in other words,...
Mike Brandly, AuctioneerOct 27, 20222 min readAbsolute auction? Nope.Yes, this was the claim. For any auction — once a bid is placed — that constitutes a minimum bid that the next bid must exceed. As...
Mike Brandly, AuctioneerOct 10, 20223 min readThat highest (not yet) bidAuctioneers want to maximize the bidder pool. In doing so, many of us are allowing online bids either placed in real-time and/or for the...
Mike Brandly, AuctioneerMay 16, 20202 min readOnline timed auctions and later bidseBay an auction, there is no question the platform taught a good number of people in the United States and otherwise how auctions work....
Mike Brandly, AuctioneerDec 14, 20092 min readWhat is it worth?Generally, auctioneers conclude that whatever they are selling is worth the most of whatever someone is willing to pay for that item, at...