Mike Brandly, Auctioneer
Auctioneer says, “I’ve got it all over the house!”
The phrase, “I’ve got it all over the house” communicates to the bidders that there is much interest in this item being sold; the...
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Mike Brandly, Auctioneer
Jul 24, 20103 min read
Can auctioneers reopen the bidding?
As we have noted before, auctioneer bid calling is a series of oral contracts. A bid is received from a bidder and is accepted by the...
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Mike Brandly, Auctioneer
May 28, 20104 min read
Buyer wants his identity and sales price kept confidential at auction
Friday finally arrives, and the subject painting comes up for auction. Mr. Wyatt opens the bid at $100,000 and bidding moves swiftly...
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Mike Brandly, Auctioneer
May 22, 20106 min read
Bid increments at auctions
For example, if a 2009 Case IH Magnum 335 is selling at auction, and the auctioneer has $175,000 is asking for $177,500, then the bid...
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Mike Brandly, Auctioneer
May 6, 20102 min read
Asking for bids before the auction is starting the auction?
The auctioneer goes out to the auction location on Monday, May 17 to take some pictures and finish up the inventory. The neighbor comes...
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Mike Brandly, Auctioneer
May 2, 20102 min read
Can it sell prior to auction?
Sure. First, when an auction is scheduled — any auction — the seller (owner) has the right to withdraw any item from the auction before...
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Mike Brandly, Auctioneer
May 1, 20103 min read
Offers prior to an auction
This particular loader is in almost new condition and given the features and hours, the owner is expecting to realize about $250,000 for...
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Mike Brandly, Auctioneer
Apr 10, 20103 min read
What do auctioneers say?
Auctioneers use bid calling to communicate in a legal, entertaining, encouraging manner with bidders who are in attendance at an auction....
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Mike Brandly, Auctioneer
Apr 7, 20102 min read
The auction house lost my stuff
What happens now? The first place these two parties should look to is their contract. Typically, auctioneers and auction houses enter...
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Mike Brandly, Auctioneer
Mar 30, 20103 min read
Selling for less than the reserve?
Yet, some auctioneers sell items for less than these reserve amounts. How can this happen? How it was explained to me was that if the...
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Mike Brandly, Auctioneer
Mar 20, 20104 min read
Can the auction bidder waive rights granted under state law?
State law in 49 of the 50 states in the United States dictates bidders may retract their bid at an auction anytime, for any reason, up...
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Mike Brandly, Auctioneer
Mar 19, 20103 min read
Can the auction seller waive rights granted under state law?
State law in 49 of the 50 states in the United States dictates that items may be withdrawn prior to the start of the auction, no matter...
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Mike Brandly, Auctioneer
Feb 8, 20102 min read
Unethical bid calling #5, The chicken or the egg?
Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...
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Mike Brandly, Auctioneer
Dec 29, 20092 min read
The Three (3) Types of Auction Contracts
In my post: http://mikebrandlyauctioneer.wordpress.com/2009/12/01/the-essential-elements-of-any-contract/ I mentioned that auctioneers...
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Mike Brandly, Auctioneer
Dec 16, 20095 min read
Buyer’s Premium
In 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...
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Mike Brandly, Auctioneer
Dec 10, 20092 min read
Is it always “as-is” at an auction?
Actually, most auctions have some sort of guarantee or warranty. With only a few exceptions, auctioneers warranty clear title — in other...
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Mike Brandly, Auctioneer
Dec 9, 20092 min read
Don’t look for a revival at an auction
However, from the standpoint of bidders, there is no revival of previous bids. This subject occurs when there is an item up for bid, and...
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Mike Brandly, Auctioneer
Dec 3, 20091 min read
Can the auction bidder say, “Never mind?”
The short answer to this is, Yes. As referenced in several of my articles here, including most notably Does bid calling form contracts?,...
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Mike Brandly, Auctioneer
Dec 1, 20092 min read
The essential elements of any contract
Competent parties Mutual assent Consideration Competent parties means that both parties to the contract are competent. Competency...
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