Mike Brandly, Auctioneer
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
Jun 20, 20113 min read
Buyer’s premium in Wisconsin
Today, there is no state in the United States where the buyer’s premium is not found. Yet, auctioneers in Wisconsin are not permitted to...
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Mike Brandly, Auctioneer
Jun 14, 20113 min read
Auctioneers & 1099’s
As I frequently teach auctioneer continuing education, I am often asked about this particular issue, as well as more general 1099...
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Mike Brandly, Auctioneer
Jun 9, 20113 min read
What is book value?
For instance, a fairly regular buyer of depression glassware who attended our auctions in the late 1980’s would regularly mention the...
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Mike Brandly, Auctioneer
Jun 8, 20112 min read
Sold! for $1.00
This made me wonder what the minimum cost an auctioneer would incur to sell an item for $1.00 (or for any amount) at a live auction....
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Mike Brandly, Auctioneer
May 30, 20113 min read
The delicate balance of a great auction
There are also other forced sale auctions including foreclosures, repossessions and court-ordered actions (lacking the seller’s consent)....
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Mike Brandly, Auctioneer
May 26, 20112 min read
Selling choice … and then what?
For instance, if an auctioneer is selling choice of twelve flower arrangements, and the high bid is $12.50, the high bidder may take one,...
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Mike Brandly, Auctioneer
Mar 29, 20112 min read
The faster you sell them …
“The faster you sell them, the better prices are.” It seems valid that during an auction, the faster the pace — the better — for several...
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Mike Brandly, Auctioneer
Jan 24, 20114 min read
Why didn’t it sell at auction?
A large real estate firm is holding a ballroom auction of bank owned properties, and about 40% don’t sell after being put up for auction....
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Mike Brandly, Auctioneer
Dec 28, 20104 min read
Old English Auction Case Law
While the United States has developed many such auction and auctioneer laws, English (United Kingdom) courts in the 1700’s and 1800’s...
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Mike Brandly, Auctioneer
Dec 19, 20103 min read
Item at auction is, but maybe not?
So, that 1889-CC Morgan Silver Dollar is MS-60, but maybe not? This could just as well be a parcel of land, a piece of commercial...
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Mike Brandly, Auctioneer
Dec 9, 20103 min read
Two auctioneers book the same auction?
One such instance was in 1983, when an auctioneer in Indiana opened the Sunday newspaper to see that he and another auctioneer in that...
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Mike Brandly, Auctioneer
Nov 30, 20102 min read
Auction or sale?
It is an auction or is it a sale? While they’re all technically auctions, many in the auction business use the word, sale instead of...
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Mike Brandly, Auctioneer
Sep 9, 20103 min read
Real property has no value at all?
Among the 1,000’s of real property auctions occurring every day in the United States, there are some properties that are garnering no...
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Mike Brandly, Auctioneer
Sep 3, 20103 min read
What to ask that real estate auctioneer
For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...
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Mike Brandly, Auctioneer
Jun 9, 20103 min read
Should auctioneers sell in more than one ring?
What selling in more than one ring does is get the auction over more quickly. For example, if an auction has 1,500 lots, one auctioneer...
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Mike Brandly, Auctioneer
May 22, 20106 min read
Bid increments at auctions
For example, if a 2009 Case IH Magnum 335 is selling at auction, and the auctioneer has $175,000 is asking for $177,500, then the bid...
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Mike Brandly, Auctioneer
Apr 24, 20103 min read
What? Auction where “Third bid buys?”
I’m not sure how to begin this story … other than to say that I had never heard of this type of auction nor this type of bid calling...
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Mike Brandly, Auctioneer
Dec 29, 20092 min read
The Three (3) Types of Auction Contracts
In my post: http://mikebrandlyauctioneer.wordpress.com/2009/12/01/the-essential-elements-of-any-contract/ I mentioned that auctioneers...
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Mike Brandly, Auctioneer
Dec 14, 20092 min read
What is it worth?
Generally, auctioneers conclude that whatever they are selling is worth the most of whatever someone is willing to pay for that item, at...
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