Mike Brandly, AuctioneerJun 8, 20112 minSold! for $1.00This made me wonder what the minimum cost an auctioneer would incur to sell an item for $1.00 (or for any amount) at a live auction....
Mike Brandly, AuctioneerApr 24, 20113 minAuctioneer commission is only half the pictureJonathan K. Wu wrote about this concept in his article titled Seller Revenue & Sales Commission in 2008. Let’s say Gina is comparing 5...
Mike Brandly, AuctioneerMar 9, 20114 minGuarantee & Split AuctionsThis arrangement is known as a “guarantee and split” auction. In this type of agreement, the auctioneer guarantees an amount to be paid...
Mike Brandly, AuctioneerMar 8, 20113 minHow are auctioneers paid?There are two parties to an auction. On the one side, there is a seller who typically owns the item, or otherwise represents the title...
Mike Brandly, AuctioneerMay 24, 20102 minWhy do we say, “It sold for … including the buyer’s premium?”This is done, generally, to attract clients wishing to sell their items for similar prices. If Julie has a Roseville Blackberry vase to...
Mike Brandly, AuctioneerDec 16, 20095 minBuyer’s PremiumIn fact, it’s not more difficult to find ads that say, essentially, “come to our auction since we don’t charge a buyer’s premium” as it...