Mike Brandly, Auctioneer
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...
top of page
Search
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...
0 views0 comments
Mike Brandly, Auctioneer
Nov 20, 20202 min read
Bidders won’t bid past disclosed reserve?
Some auctioneers are telling me that if they disclose the reserve on a property, bidders won’t bid beyond the reserve. I don’t believe...
0 views0 comments
Mike Brandly, Auctioneer
Aug 28, 20192 min read
When to disclose the reserve and when not to …
The answer to that question is fairly straightforward. If the minimum is good news, it should be disclosed and if it’s bad news (or...
0 views0 comments
Mike Brandly, Auctioneer
Nov 27, 20152 min read
Genuine intent to transfer to the highest bidder regardless of price
We discussed this disquisition in some detail — once again — at the National Auctioneers Association‘s Accredited Auctioneer of Real...
0 views0 comments
Mike Brandly, Auctioneer
Oct 24, 20122 min read
Selling absolute, but we can, “add or delete?”
Selling to the highest bidder, regardless of price. Auctioneer reserves the right to add or delete property from this auction or to alter...
0 views0 comments
Mike Brandly, Auctioneer
Sep 23, 20123 min read
Solely for the purpose of increasing the bid?
In fact, she has over 200 in her collection and they are all on display in her home, barn and garage. Natalie began her interest in...
0 views0 comments
Mike Brandly, Auctioneer
Sep 3, 20123 min read
Seller withdrawal or auctioneer withdrawal?
The auctioneer she chose was a Federal Firearms Licensee (FFL) with an auction facility near Louisville, Kentucky. With the auction day...
0 views0 comments
Mike Brandly, Auctioneer
Dec 20, 20104 min read
Should the reserve be disclosed?
Marvin wishes to consign his 2009 Jaguar XF Coupe to the local auto auction. Marvin paid about $59,000 for this car about a year ago,...
0 views0 comments
Mike Brandly, Auctioneer
Jun 2, 20102 min read
The “Nominal Opening Bid”
We wrote about issues with auctioneers using an opening bid to suggest a minimum bid a few months ago. That post is here: The Opening...
1 view0 comments
Mike Brandly, Auctioneer
Mar 30, 20103 min read
Selling for less than the reserve?
Yet, some auctioneers sell items for less than these reserve amounts. How can this happen? How it was explained to me was that if the...
0 views0 comments
bottom of page