#reopen 2/2

Mike Brandly, Auctioneer

Mar 19, 20123 min read

Court auctions — does money trump principle?

Generally, when Bankruptcy courts oversee auctions, and for that matter, when state and county courts oversee auctions, there is often a...

Mike Brandly, Auctioneer

Jul 6, 20113 min read

Never reopen the bidding?

His rule is, “I never reopen the bidding.” In over 35 years of auctioneering, he’s not reopened a bid — not once. All of Sammy’s clients...

Mike Brandly, Auctioneer

Jul 5, 20114 min read

When can the bid be reopened?

Simply put, when an auctioneer says, “Sold!” or uses some other customary closing, he or she denotes: The auctioneer cannot take any...

Mike Brandly, Auctioneer

May 13, 20109 min read

Aberrant Auction Law, Kentucky #10

This is my tenth “aberrant auction law” find, and numbered as such. When I find more, I’ll attempt to number sequentially, although I...

Mike Brandly, Auctioneer

Dec 7, 20092 min read

Tie Bids — they don’t exist at an auction

When bid calling, there can be only one high bidder who is in contract with the seller (i.e. one seller, one buyer). If it were possible...