Our question today is “Why would an auction buyer want to remain anonymous?” There could be a myriad of reasons: Security. More...

Except for recent legislation in California, a bid by or for the seller can be portrayed as someone else’s bid — namely a disinterested...

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...

Yvette Vanderbrink sold this car on September 28, 2013 at the Lambrecht Chevrolet auction in Pierce, Nebraska for $76,150. Mecum sold...

What is customary practice? What is the industry standard? What is considered commercially reasonable? Today we discuss these three...

United States v. Weisbrod, 202 F.2d 629 (7th Cir. 1953) where this circuit court ruled auctioneers/sellers could use reasonable [terms...

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 —...

First, here’s a consideration — as we published and commented regarding in 2017: https://mikebrandlyauctioneer.wordpress.com/2017/07/28/...

Our principal, several bidders, the listing agent and our broker all commented how “quickly” this auction process moved this property,...

Does this sound familiar? Bidders must agree to sales which are “as-is” where-is, all selling “with reserve,” we’ll be taking fictitious...

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,...

Christie’s. Here we share with you some of their disclosures which are quite frankly difficult to find otherwise in the auction...

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...

However, today we focus on that “big mailing list and large database of bidders” in that what difference does that make? In other words,...

Every seller of insurance, groceries, legal services, clothing, rental cars, airlines, hotels, vehicles … is trying to find how (or...

The story is here: https://www.thisisinsider.com/five-hundred-dollar-storage-unit-had-7-million-inside-storage-wars-2018-11 which has...

https://mikebrandlyauctioneer.wordpress.com/2019/04/01/auctioneers-alpha-and-beta-and-more/. Our thinking comes from conducting thousands...

I’ve been a long-standing advocate for auctioneers to join the 21st century — simpler, more equitable terms and conditions. Yet,...

Of course, the issue is — who is the most interested bidder? Who is the second most interested bidder? Since prior to the auction, these...

Terms and conditions of an auction [particularly online-only or simulcast] might say, “No shipping,” “15% Buyer’s premium,” “$20 handling...