Do all these words mean the same thing? I believe this item is worth $140,000? I estimate this at $140,000? The value of this item is...

We have been in the auction and appraisal business for decades. We’ve written about the appraisal industry many times and have...

Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or a forced sale)...

These days we see it all the time: “Our auction exceeded all expectations,” or “The auction was twice what we were expecting.” It’s a...

Terry Mangum said something similar and he’s exactly right: It is not worth what it won’t sell for. In other words, a piano listed...

For reference, here is our previous article on IRS appraisals from 2013: https://mikebrandlyauctioneer.wordpress.com/2013/05/01/auctione...

In discussing appraisal techniques in classes all across the United States, three (3) particular terms are sometimes the focus. Those...

A recurring question in those classes is, “What license is required to perform real estate appraisals in Ohio?” Much to the surprise of...

This longstanding question is “Does an auction price equal market value?” Relatedly, Bill’s question was if a court had ruled on this...

Late 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...

Certainly the purpose of any advertisement is to get attention. So from that perspective — great auction advertisement. However, one...

One such discussion was published in 2011: Auctioneers as appraisers. Today, we discuss more, “how not to appraise” property — how not...

We would agree. If a quality appraisal is wanted and/or needed, a quality appraiser is required. This is why so many auctioneers also...

Large, well-known auction houses (and some smaller, lesser-known auction houses) publish catalogs listing items in upcoming auctions, and...