Mike Brandly, Auctioneer
Market adequately = market value
We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...
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Mike Brandly, Auctioneer
Jan 33 min read
Disclaiming value and results
Should auctioneers guarantee their sellers any certain results from the auction of their property? Should sellers be persuaded to sell at...
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Mike Brandly, Auctioneer
May 30, 20232 min read
Auctioneers, value, price, and speech
Auctioneer says it’s worth $40,000 and it sells for $25,000. Another auctioneer says it’s worth $10,000 and it sells for $25,000. Our...
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Mike Brandly, Auctioneer
Apr 12, 20213 min read
The auction exceeded expectations?
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...
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Mike Brandly, Auctioneer
Oct 14, 20202 min read
The winner’s curse
At an auction, who wins? The highest bidder, who outbids everyone else. Let’s ask another question … who loses? Maybe this same bidder...
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Mike Brandly, Auctioneer
Jan 10, 20202 min read
Give yourself a raise?
Our question today is … can you just give yourself a raise? In other words, you’ve been charging 10% on real property deals, so this...
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Mike Brandly, Auctioneer
Aug 2, 20192 min read
Attention auctioneers: it’s worth this and for sale for that?
I can get something estimated to be worth $131,500 for $497? I can get something estimated to be worth $20,000 for $297? It would seem...
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Mike Brandly, Auctioneer
Jul 22, 20192 min read
Cheaper, faster or better?
If we’re cheap and fast, we’re probably not better If we’re cheap and better, we’re probably not fast If we’re fast and better, we’re...
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Mike Brandly, Auctioneer
May 7, 20193 min read
Hiring an auctioneer — is it price or value?
… A fraction of 1% saved in power transmitted soon pays the cost difference between a poor belt and a good one. One breakdown may wipe...
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Mike Brandly, Auctioneer
Oct 1, 20182 min read
The highest price … or the highest offer?
Song Dynasty. One such example came up for auction in London, England and Dr. Yao planned to attend and bid. The day of the auction, Dr....
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Mike Brandly, Auctioneer
May 18, 20172 min read
Auctioneer setting the bid in at the stated minimum?
We recently wrote twice about auctioneers setting the bid in: https://mikebrandlyauctioneer.wordpress.com/2016/12/22/should-the-auctionee...
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Mike Brandly, Auctioneer
Mar 29, 20172 min read
Can auction bidders pay too much or over value?
Quite frankly, we’re a bit surprised with these two questions — that they actually deserve detailed answers. Can bidders pay too much? ...
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Mike Brandly, Auctioneer
Jan 16, 20173 min read
Name your price … really?
We as auctioneers have two choices when selling anything at auction: Sell it absolute or sell it with reserve. The absolute auction...
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Mike Brandly, Auctioneer
Oct 25, 20163 min read
Cost, Price & Value
In discussing appraisal techniques in classes all across the United States, three (3) particular terms are sometimes the focus. Those...
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Mike Brandly, Auctioneer
May 19, 20162 min read
Auctions with “market support”
What’s the value of a yearling beef calf selling in the Yoder Livestock auction on Tuesday? One might argue that the aforementioned...
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Mike Brandly, Auctioneer
Mar 8, 20163 min read
Auction Prices
In 2015, this study ranked Jeff Wyler Automotive Family Inc. as the 39th largest car dealership group in the United States. In 2014,...
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Mike Brandly, Auctioneer
Feb 26, 20162 min read
Consumers and “auctions”
Instead, John notes, they are searching using terms such as “buy” and “for sale” when looking to purchase something. The implication...
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Mike Brandly, Auctioneer
Feb 15, 20163 min read
The Ford F-150 Experiment
At a class recently held by the National Auctioneers Association, an instructor asked auctioneer attendees what they would search on the...
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Mike Brandly, Auctioneer
Aug 10, 20152 min read
What some collectors can’t find? Buyers.
Mary has been a collector for decades. She’s collected at auctions, yard sales, antique stores, while vacationing — essentially her...
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Mike Brandly, Auctioneer
Apr 20, 20153 min read
The auction crowd appraisal
Saturday arrives and a huge crowd has assembled, mostly around this ’57 Cadillac. Lyle has been wondering for over a week what the car...
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