Mike Brandly, Auctioneer
Auctions: Fast, Fun & and … what?
We wrote a few years ago that many consider auctions to be “fast, fun & transparent.” We noted the commonly used definitions in this...
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Mike Brandly, Auctioneer
Mar 143 min read
Auctions and different markets
When I first entered the auction business (1982) I was only familiar with what my employer (Jack B. Smith, Auctioneer) considered...
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Mike Brandly, Auctioneer
Feb 212 min read
Auctioneers: Talk about the property, not …
We have all probably done it, but it’s a terrible idea. For instance, an auctioneer is selling a real property improved with a home and...
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Mike Brandly, Auctioneer
Jan 283 min read
Start doing, or continue to do?
Say auctioneers were being sued in class-action lawsuits all over the United States (which is not happening.) What might our trade...
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Mike Brandly, Auctioneer
Nov 24, 20233 min read
Auctioneers can’t (won’t) believe it
Two American economists won the Nobel Prize on Monday, October 12, 2020 — namely Paul R. Milgrom Ph.D. and Robert B. Wilson DrBA — for...
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Mike Brandly, Auctioneer
Nov 15, 20232 min read
Publish the reserve? Sure, unless …
We’ve sold a bunch of real property (real estate) at auction. One thing is obvious — other than selling “absolute” to the highest bidder...
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Mike Brandly, Auctioneer
Oct 10, 20233 min read
Auctioneers’ reputations & messaging
Let’s say it’s 1930 — for example — auctioneers were primarily known in their “community” and we knew his or her spouses, their kids’...
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Mike Brandly, Auctioneer
Apr 26, 20232 min read
A BP is not a disservice to a seller
Buyer’s premiums have been used in the United States since 1977. There are very few — if any — online auction bidders unfamiliar with...
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Mike Brandly, Auctioneer
Mar 6, 20233 min read
We’re selling your property for “no fee?”
We started using a marketing strategy in the early 1990s where we advertised to property owners that we could sell their property “for...
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Mike Brandly, Auctioneer
Dec 12, 20222 min read
What makes any auction work?
What makes any auction work? We’ve held well over our entire career that a successful auction must have the “prospect of a deal” along...
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Mike Brandly, Auctioneer
Aug 29, 20222 min read
Undisclosed supply at auction
I attended an interesting auction where an item was put up for bids (offers) and then if the price was deemed sufficient, suddenly more...
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Mike Brandly, Auctioneer
Jul 6, 20222 min read
What is “scheduled maintenance?”
We ask a somewhat rhetorical question this morning … what is “scheduled maintenance?” Of course, it’s two things: “Scheduled” and...
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Mike Brandly, Auctioneer
Jul 1, 20222 min read
Right of Refusal vs. Reserve Bids
I have noted that Daniel P. West has linked to my blog once if not more times and I appreciate that, and I have linked to his blog in...
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Mike Brandly, Auctioneer
Feb 16, 20222 min read
Berry v. The New Gainesville Livestock Auction
We were forwarded notice of the case of Byron Berry, Appellant v. The New Gainsville Livestock Auction, LLC, Appellee heard in the Court...
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Mike Brandly, Auctioneer
Jan 22, 20222 min read
Auctioneers and secret profits
As I teach real estate law for Hondros College, we have discussed with students for many years — albeit briefly — “secret profits” … and...
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Mike Brandly, Auctioneer
Nov 15, 20212 min read
Would auctioneers rather you didn’t read it?
Many say when it comes to contracting (contracts, terms, and conditions, and the like) that sellers and bidders have a “duty to read” the...
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Mike Brandly, Auctioneer
Nov 11, 20213 min read
Auction disclosures in 1-pt type?
I recently testified in yet another auction case. The issue was basically a “title issue” which wasn’t adequately disclosed (in my...
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Mike Brandly, Auctioneer
Nov 8, 20212 min read
Should your entire online auction be up?
The question is, for a 1,000 lot online auction, should the auctioneer wait to allow bidding (or even put the auction up live) until all...
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Mike Brandly, Auctioneer
Apr 4, 20213 min read
Auctions and disclosing the auction total
We recently wrote about the disclosure of a “sale price” such as one real property or other personal property item. Today, we explore...
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Mike Brandly, Auctioneer
Feb 8, 20214 min read
Auctions, disclosure, patent & latent
We’ve held that auctioneers should disclose all known material facts concerning any property they are putting up for auction. This...
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