Mike Brandly, Auctioneer
$7.5 Million in storage unit auction?
The story is here: https://www.thisisinsider.com/five-hundred-dollar-storage-unit-had-7-million-inside-storage-wars-2018-11 which has...
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Mike Brandly, Auctioneer
May 3, 20192 min read
Number of bidders, competition, intensity, willingness … to bid?
https://mikebrandlyauctioneer.wordpress.com/2019/04/01/auctioneers-alpha-and-beta-and-more/. Our thinking comes from conducting thousands...
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Mike Brandly, Auctioneer
Apr 11, 20192 min read
Bad auction bidder and we do what?
First of all — auctioneers are advised that in order to do that, you better have your client’s knowledge and consent — memorialized in...
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Mike Brandly, Auctioneer
Apr 3, 20194 min read
Online auctions making the seller more, or the auctioneer more?
Most live auctions (with no online component) advertise the significant items with maybe one picture of each, and some description ending...
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Mike Brandly, Auctioneer
Mar 20, 20193 min read
An auction that is both with AND without reserve?
First, let me clarify that this term “auction” here is just one lot, rather than the term “auction event” consisting of all the lots as...
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Mike Brandly, Auctioneer
Feb 15, 20192 min read
Auctioneers and confidence
The particular definition of confidence in which I’m referring is more so “self-confidence:” … a feeling of self-assurance arising from...
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Mike Brandly, Auctioneer
Feb 13, 20193 min read
What’s faster? Live auction or online auction?
Live auctioneers can sell 2-3-4 lots of personal property a minute. Let’s say the average lot takes 25 seconds — so they sell in 25...
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Mike Brandly, Auctioneer
Feb 7, 20192 min read
Our auction had more views …
We know far more about this online auction than this antiquated live auction, right? Maybe. Did you know that the 286 of the 450...
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Mike Brandly, Auctioneer
Feb 4, 20193 min read
What if the seller bids first in an absolute auction?
Our analysis today regards the seller bidding in an absolute auction — and in particular if the seller bids first. Within the few legal...
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Mike Brandly, Auctioneer
Dec 26, 20182 min read
Are auctioneers “hired guns?”
We wrote about traits to look for when hiring a contract auctioneer here: http://mikebrandlyauctioneer.wordpress.com/2014/01/03/the-9-im...
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Mike Brandly, Auctioneer
Nov 19, 20182 min read
Crazy auction terms and conditions?
Auction/auctioneer has the right to terminate any contract between auction/auctioneer and consignor/seller for any reason, up to and...
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Mike Brandly, Auctioneer
Oct 22, 20183 min read
I’d rather buy from Amazon than at auction; is it any wonder?
Amazon.com (or countless other online retailers.) Let’s see, what’s involved in such a transaction? Click? Yep, pretty much. No...
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Mike Brandly, Auctioneer
Sep 25, 20182 min read
Asking/requiring a bidder to leave the auction
This question is almost the same question we answered in 2017 when we wrote about denying a bidder from participating in an auction event....
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Mike Brandly, Auctioneer
Sep 10, 20183 min read
UCC 2-328 allows reopen if other bidder is upset?
Quite frankly, bid calling isn’t terribly complicated in that auctioneers basically take (accept) bids from individual bidders until...
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Mike Brandly, Auctioneer
Aug 8, 20182 min read
Representing (or misrepresenting) auction bidders …
We have written about this more than once, including here: https://mikebrandlyauctioneer.wordpress.com/2012/07/17/who-else-was-bidding/...
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Mike Brandly, Auctioneer
Jun 21, 20183 min read
That other bidder, and fraudulent inducement
There are only two types of auctions: with reserve and without reserve. We have written various times about this topic, including here:...
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Mike Brandly, Auctioneer
Jun 4, 20182 min read
Auctions: Fast, Fun & Transparent
National Auctioneers Association events. Auctions are fast, fun and transparent. Today, we explore what those words mean when referring...
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Mike Brandly, Auctioneer
Apr 30, 20183 min read
Disclosing the seller can bid at auction …
UCC 2-328. Here are those last two sentences: (4) If the auctioneer knowingly receives a bid on the seller’s behalf or the seller makes...
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Mike Brandly, Auctioneer
Apr 19, 20183 min read
Extraordinary liquidated damages in auction contract
Apparently, this auctioneer had (and maybe still has) severe financial penalties in his contract with his seller payable to him — in the...
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Mike Brandly, Auctioneer
Mar 14, 20184 min read
The future of the MLS for auctions
Maybe another question might be: What is the future of the real estate industry? How about the auction industry? I would offer these are...
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