Mike Brandly, Auctioneer
Auction buyer wants to remain anonymous
Our question today is “Why would an auction buyer want to remain anonymous?” There could be a myriad of reasons: Security. More...
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Mike Brandly, Auctioneer
Jan 16, 20203 min read
Maybe auctioneers shouldn’t lie … at all?
Except for recent legislation in California, a bid by or for the seller can be portrayed as someone else’s bid — namely a disinterested...
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Mike Brandly, Auctioneer
Jan 15, 20203 min read
Could an auctioneer make a market?
It seems reasonable that if 531 such signs have been sold by one auctioneer for prices ranging from $2,500 to $4,000, then I can expect...
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Mike Brandly, Auctioneer
Jan 14, 20203 min read
1965 Chevrolet Impala sells at auction … again
Yvette Vanderbrink sold this car on September 28, 2013 at the Lambrecht Chevrolet auction in Pierce, Nebraska for $76,150. Mecum sold...
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Mike Brandly, Auctioneer
Jan 13, 20202 min read
Customary practice, industry standards and commercial reasonableness …
What is customary practice? What is the industry standard? What is considered commercially reasonable? Today we discuss these three...
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Mike Brandly, Auctioneer
Jan 7, 20205 min read
United States v. Weisbrod, 202 F.2d 629 (7th Cir. 1953)
United States v. Weisbrod, 202 F.2d 629 (7th Cir. 1953) where this circuit court ruled auctioneers/sellers could use reasonable [terms...
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Mike Brandly, Auctioneer
Jan 3, 20203 min read
“Sold!” shouldn’t be a lie
Who else in commerce lies to customers and gets away with it? If Walmart is advertising a sale, and then you get there and they aren’t —...
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Mike Brandly, Auctioneer
Jan 2, 20203 min read
The costs and benefits of reopening or not reopening the bid
First, here’s a consideration — as we published and commented regarding in 2017: https://mikebrandlyauctioneer.wordpress.com/2017/07/28/...
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Mike Brandly, Auctioneer
Dec 10, 20193 min read
We sell things quicker?
Our principal, several bidders, the listing agent and our broker all commented how “quickly” this auction process moved this property,...
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Mike Brandly, Auctioneer
Dec 2, 20192 min read
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
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
Aug 5, 20192 min read
Christie’s spirit of disclosure
Christie’s. Here we share with you some of their disclosures which are quite frankly difficult to find otherwise in the auction...
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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 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 31, 20192 min read
Are online auctions going away? Probably …
Every seller of insurance, groceries, legal services, clothing, rental cars, airlines, hotels, vehicles … is trying to find how (or...
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Mike Brandly, Auctioneer
May 16, 20192 min read
$7.5 Million in storage unit auction?
The story is here: https://www.thisisinsider.com/five-hundred-dollar-storage-unit-had-7-million-inside-storage-wars-2018-11 which has...
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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 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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