#increments

Mike Brandly, Auctioneer

Feb 122 min read

Auctioneers can make bidders bid?

Our question today is … can auctioneers “make” bidders bid? Can I as an auctioneer gesture to a bidder and say, “I have you at $2,000?” ...

Mike Brandly, Auctioneer

Jan 28, 20232 min read

Can (and do) auctioneers change the “size” of the “ask?”

The short answer is, “yes.” Relatedly, this has been going on for as long as auctions have been used to sell property in the...

Mike Brandly, Auctioneer

Jan 3, 20232 min read

Auctioneer reserves the right to reject any bid?

More specifically, “Auctioneer reserves the right to reject any bid from any bidder?” We would ask, does “bidder” mean “registered...

Mike Brandly, Auctioneer

Sep 26, 20223 min read

Absolute auctions and “de minimus”

Absolute auctions, by definition, involve selling to the highest bidder. So, if an auctioneer has a current bid of $750,000.00 and a...

Mike Brandly, Auctioneer

Jan 20, 20132 min read

Absolute with minimum increments

A recent auction attendee (we’ll call him James) is also an attorney. He called me once he arrived to an auction, asking me about what...

Mike Brandly, Auctioneer

Jul 29, 20123 min read

English auction versus sealed bid and Dutch auctions

English auctions Sealed bid auctions Dutch auctions In analyzing these three types, we first start with our definition of each: An...

Mike Brandly, Auctioneer

Aug 28, 20113 min read

Different increments for different bidders?

In other words, can an auctioneer have Julie on at $500 and ask (demand) Rachel bid $525 to outbid Julie, and when Rachel bids $525, then...

Mike Brandly, Auctioneer

Dec 21, 20104 min read

What is a Penny Auction?

Saturday arrives, and Sarah goes out to her car in order to drive to her weekend destination. She pulls up to a parking place just...

Mike Brandly, Auctioneer

Jan 8, 20104 min read

The speed of an auction

With the advent of online bidding, some are arguing that the computer-assisted bidders can slow down an auction. Some argue bidders who...