Mike Brandly, Auctioneer
Low starting prices = higher sale prices at auction
Thus the conclusion of the study titled “Starting Low but Ending High: A Reversal of the Anchoring Effect in Auctions“ by Gillian Ku,...
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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
Jul 24, 20103 min read
Can auctioneers reopen the bidding?
As we have noted before, auctioneer bid calling is a series of oral contracts. A bid is received from a bidder and is accepted by the...
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Mike Brandly, Auctioneer
May 17, 20102 min read
Auctioneer bid calling: Want? Sold! Have & Buyer
At auction schools across the United States, one bid calling technique is almost universal at every school: How the auctioneer ends his...
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Mike Brandly, Auctioneer
Mar 23, 20103 min read
It didn’t sell … can I have it?
Of course, the brother, or anyone else for that matter, could have purchased these items at the auction, but that was not evidenced by...
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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
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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Mike Brandly, Auctioneer
Dec 10, 20092 min read
Is it always “as-is” at an auction?
Actually, most auctions have some sort of guarantee or warranty. With only a few exceptions, auctioneers warranty clear title — in other...
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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...
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Mike Brandly, Auctioneer
Dec 3, 20091 min read
Can the auction bidder say, “Never mind?”
The short answer to this is, Yes. As referenced in several of my articles here, including most notably Does bid calling form contracts?,...
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Mike Brandly, Auctioneer
Nov 23, 20093 min read
Auction buyer won’t pay
First, it does matter if the transaction involves real property or personal property. Each are handled in very different ways due to the...
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Mike Brandly, Auctioneer
Nov 20, 20092 min read
Does bid calling form contracts?
When an auctioneer says, “I have $10, and I’d like $15,” he is stating that he currently has his seller in contract with a particular...
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