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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...

Mike Brandly, Auctioneer
Jun 2, 20232 min read
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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,...

Mike Brandly, Auctioneer
May 4, 20234 min read
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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...

Mike Brandly, Auctioneer
Apr 28, 20233 min read
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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...

Mike Brandly, Auctioneer
Mar 1, 20222 min read
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A preposterous commission structure
We previously wrote about so-called “tiered” auctioneer commissions utilized to [properly] address uncertainty:...

Mike Brandly, Auctioneer
Nov 3, 20213 min read
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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,...

Mike Brandly, Auctioneer
May 3, 20213 min read
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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...

Mike Brandly, Auctioneer
Mar 26, 20212 min read
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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...

Mike Brandly, Auctioneer
Dec 1, 20202 min read
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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...

Mike Brandly, Auctioneer
Sep 4, 20202 min read
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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...

Mike Brandly, Auctioneer
Jul 4, 20202 min read
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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...

Mike Brandly, Auctioneer
May 20, 20202 min read
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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...

Mike Brandly, Auctioneer
Mar 2, 20202 min read
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Are auctioneers who charge more better?
Generally, market prices (including auctioneer commissions) are determined by the marketplace. Prices in virtually any market depend...

Mike Brandly, Auctioneer
Jan 24, 20202 min read
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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...

Mike Brandly, Auctioneer
Nov 4, 20193 min read
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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,...

Mike Brandly, Auctioneer
Sep 11, 20192 min read
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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...

Mike Brandly, Auctioneer
Apr 3, 20194 min read
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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,...

Mike Brandly, Auctioneer
Mar 14, 20193 min read
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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...

Mike Brandly, Auctioneer
May 16, 20183 min read
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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...

Mike Brandly, Auctioneer
Apr 25, 20182 min read
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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...

Mike Brandly, Auctioneer
Apr 2, 20183 min read
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