Mike Brandly, Auctioneer
Can the seller, client, or consignee dictate your commission?
Countless auctioneers work with sellers, clients, or consignees and many times the auctioneer dictates the commission or charge for their...
top of page
Search
Mike Brandly, Auctioneer
May 4, 20234 min read
Buyer’s premiums can help sellers
You are an auctioneer and you don’t charge a buyer’s premium. Why not? I continue to hear that charging such is a disservice,...
0 views0 comments
Mike Brandly, Auctioneer
Apr 28, 20233 min read
You can charge a buyer’s premium …
Auctioneers who charge a buyer’s premium are being told they shouldn’t be charging a buyer’s premium. Maybe auctioneers who solely...
1 view0 comments
Mike Brandly, Auctioneer
Mar 1, 20222 min read
Because it’s your policy?
Let’s see … what is an auctioneer’s job? To maximize price for our seller/client? To solve the seller/client’s problem? Indeed this is...
0 views0 comments
Mike Brandly, Auctioneer
Nov 3, 20213 min read
A preposterous commission structure
We previously wrote about so-called “tiered” auctioneer commissions utilized to [properly] address uncertainty:...
0 views0 comments
Mike Brandly, Auctioneer
May 3, 20213 min read
Commissions, fees, and uncertainty
Auctioneers take on a number of diverse projects — maybe contract bid calling one day, cleaning and readying farm equipment the next day,...
0 views0 comments
Mike Brandly, Auctioneer
Mar 26, 20212 min read
The auctioneer really doesn’t pay less
We wrote about auctioneers purchasing and not paying any less nor more than anyone else, despite charging commission. That treatise can...
0 views0 comments
Mike Brandly, Auctioneer
Dec 1, 20202 min read
Opening an auction house
When I was attending auction school, we would go out at night to various local auction houses to practice our bid calling and stage...
0 views0 comments
Mike Brandly, Auctioneer
Sep 4, 20202 min read
Sotheby’s BP increase? Or not?
Sotheby’s announced recently they were instituting a new “Overhead Premium” of 1% on the hammer price to cover: The overhead costs...
0 views0 comments
Mike Brandly, Auctioneer
Jul 4, 20202 min read
Auctioneer purchased my items — do I still pay commission?
A recent caller asked me, “If the auctioneer purchased my items, do I still pay commission?” My answer was, “Yes, you do, so long as the...
0 views0 comments
Mike Brandly, Auctioneer
May 20, 20202 min read
An auction net listing
While most all net listings are deemed illegal in real property transactions, are net listings legal when the subject property is...
0 views0 comments
Mike Brandly, Auctioneer
Mar 2, 20202 min read
Who is easier to charge — seller or buyer?
Of course, not all retail buyers are inexperienced, and not all sellers are professional. However, our question is generally who is...
0 views0 comments
Mike Brandly, Auctioneer
Jan 24, 20202 min read
Are auctioneers who charge more better?
Generally, market prices (including auctioneer commissions) are determined by the marketplace. Prices in virtually any market depend...
1 view0 comments
Mike Brandly, Auctioneer
Nov 4, 20193 min read
Auctioneer damages and commission
As such, it certainly got our attention when it was suggested that in the case of buyer breach of contract, the buyer’s premium would be...
0 views0 comments
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,...
0 views0 comments
Mike Brandly, Auctioneer
Apr 3, 20194 min read
Online auctions making the seller more, or the auctioneer more?
Most live auctions (with no online component) advertise the significant items with maybe one picture of each, and some description ending...
0 views0 comments
Mike Brandly, Auctioneer
Mar 14, 20193 min read
Bids per lot? Number of bidders placing bids?
I asked for an opening bid of $1,000 and dropped down to $500 when a known-silver-buyer opened the bid at $300. I asked $350 and got it,...
0 views0 comments
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...
0 views0 comments
Mike Brandly, Auctioneer
Apr 25, 20182 min read
Auctioneers and felonies
We have issues in the United States regarding people who have committed crimes — denying them licensing, the right to vote, the right to...
0 views0 comments
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...
0 views0 comments
bottom of page