Mike Brandly, Auctioneer
What’s the bidder’s consideration?
We see auctioneers somewhat routinely noting that bidders’ bids once placed (accepted) can’t be revoked nor withdrawn — in other words,...
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Mike Brandly, Auctioneer
May 10, 20213 min read
Online bidder retraction mechanics
We previously wrote that in an online auction, high bidders have the right (state law) to retract their bids prior to, “Sold!” We also...
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Mike Brandly, Auctioneer
Jan 29, 20183 min read
I have it but I don’t … and then again, again, again …
https://mikebrandlyauctioneer.wordpress.com/2010/02/04/unethical-bid-calling-3-he-loves-me-he-loves-me-not/ Amplifying this attorney’s...
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Mike Brandly, Auctioneer
Nov 9, 20172 min read
The UCC 2-328 Sentence #9 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #9,...
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Mike Brandly, Auctioneer
Nov 6, 20172 min read
The UCC 2-328 Sentence #8 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #8,...
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Mike Brandly, Auctioneer
Nov 2, 20172 min read
The UCC 2-328 Sentence #7 (of 9)
UCC § 2-328 (Sale by Auction) only has nine sentences, but they all are widely misunderstood. Here we take a look at sentence #7,...
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Mike Brandly, Auctioneer
Dec 22, 20163 min read
Should the auctioneer start the bid?
For example, an auctioneer might say, “Start me out at $15,000 …” [the invitation to bid $15,000] and then a bidder might bid $5,000 [the...
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Mike Brandly, Auctioneer
Jul 28, 20165 min read
Terms which say there are “tie bids?”
Interesting that auctioneers (and attorneys advising auctioneers) are talking about putting terms addressing “tie bids” in their terms...
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Mike Brandly, Auctioneer
Mar 20, 20133 min read
Your bid is irrevocable?
His interest in auctions began as a child, when he would go to auctions with his mother, Carol, in the Roanoke, Virginia area. They...
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Mike Brandly, Auctioneer
Aug 6, 20113 min read
We’ll both buy?
Vince arrives to a restaurant auction on Saturday and finds several palettes of new coffee filters. He estimates that there are about...
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Mike Brandly, Auctioneer
Jun 20, 20113 min read
No customary closing?
The joy of teaching is almost always amplified by questions and commentary from attendees before class, at breaks and after class; nearly...
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Mike Brandly, Auctioneer
Aug 20, 20103 min read
So where do you start the bid?
Auctioneers generally don’t start the bid. What happens at a typical auction is the auctioneer suggests a price to the audience (legally,...
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Mike Brandly, Auctioneer
Mar 20, 20104 min read
Can the auction bidder waive rights granted under state law?
State law in 49 of the 50 states in the United States dictates bidders may retract their bid at an auction anytime, for any reason, up...
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Mike Brandly, Auctioneer
Mar 2, 20104 min read
Why aren’t auctioneers saying, “Sold!?”
When I attended auction school, decades ago, I remember distinctly (the very first day) that we were taught to say, “Sold!” when we...
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Mike Brandly, Auctioneer
Feb 4, 20102 min read
Unethical bid calling #3, He loves me; he loves me not …
Standard bid calling in the United States involves the auctioneer suggesting a price a bidder might bid, the bidder bidding that amount,...
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