Can the seller, client, or consignee dictate your commission?
top of page
Search
Countless auctioneers work with sellers, clients, or consignees and many times the auctioneer dictates the commission or charge for their...
Mike Brandly, Auctioneer
- May 4, 2023
- 4 min
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, 2023
- 3 min
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, 2022
- 2 min
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, 2021
- 3 min
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, 2021
- 3 min
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, 2021
- 2 min
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, 2020
- 2 min
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, 2020
- 2 min
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, 2020
- 2 min
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, 2020
- 2 min
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, 2020
- 2 min
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, 2020
- 2 min
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, 2019
- 3 min
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, 2019
- 2 min
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, 2019
- 4 min
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, 2019
- 3 min
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, 2018
- 3 min
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, 2018
- 2 min
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, 2018
- 3 min
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