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We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...
Mike Brandly, Auctioneer
- Jan 3
- 3 min
Disclaiming value and results
Should auctioneers guarantee their sellers any certain results from the auction of their property? Should sellers be persuaded to sell at...
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Mike Brandly, Auctioneer
- Jun 23, 2023
- 2 min
Bidders won’t bid past the estimate?
Auctioneers tell me bidders won’t bid past published reserves. Auctioneers tell me bidders won’t bid past pre-auction estimates. In...
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Mike Brandly, Auctioneer
- May 30, 2023
- 2 min
Auctioneers, value, price, and speech
Auctioneer says it’s worth $40,000 and it sells for $25,000. Another auctioneer says it’s worth $10,000 and it sells for $25,000. Our...
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Mike Brandly, Auctioneer
- Sep 14, 2022
- 2 min
Could “worth” be an expressed warranty?
We have been in the auction and appraisal business for decades. We’ve written about the appraisal industry many times and have...
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Mike Brandly, Auctioneer
- Feb 23, 2022
- 2 min
Appraisals, auctions, and seller bidding
Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or a forced sale)...
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Mike Brandly, Auctioneer
- Apr 12, 2021
- 3 min
The auction exceeded expectations?
These days we see it all the time: “Our auction exceeded all expectations,” or “The auction was twice what we were expecting.” It’s a...
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Mike Brandly, Auctioneer
- Oct 16, 2020
- 2 min
Providing as much information as possible?
Do auctions work better when sellers provide as much information as possible about what they are selling? Two American economists who...
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Mike Brandly, Auctioneer
- Oct 14, 2020
- 2 min
The winner’s curse
At an auction, who wins? The highest bidder, who outbids everyone else. Let’s ask another question … who loses? Maybe this same bidder...
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Mike Brandly, Auctioneer
- Sep 26, 2020
- 2 min
Ask an auctioneer if it’s trash or treasure
There may be no better person to talk to if you are trying to discern if this “thing” is trash or treasure. Auctioneers are exposed to...
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Mike Brandly, Auctioneer
- Sep 10, 2020
- 3 min
What? Your vendor raised prices?
Auctioneers can’t ever seem to believe it … a vendor raised prices. It could be software, a platform’s sell-through, training,...
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Mike Brandly, Auctioneer
- May 14, 2020
- 3 min
Can auctions misrepresent supply?
Say an auctioneer puts up for auction 100 western saddles dating from the 1950s to the 1970s. For an online auction, bidding takes place...
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Mike Brandly, Auctioneer
- Jan 28, 2020
- 2 min
Why buy at auction?
First, an auction might be the only place to find what you’re looking for as retail otherwise often doesn’t concentrate on used items. ...
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Mike Brandly, Auctioneer
- Jan 10, 2020
- 2 min
Give yourself a raise?
Our question today is … can you just give yourself a raise? In other words, you’ve been charging 10% on real property deals, so this...
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Mike Brandly, Auctioneer
- Aug 2, 2019
- 2 min
Attention auctioneers: it’s worth this and for sale for that?
I can get something estimated to be worth $131,500 for $497? I can get something estimated to be worth $20,000 for $297? It would seem...
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Mike Brandly, Auctioneer
- May 7, 2019
- 3 min
Hiring an auctioneer — is it price or value?
… A fraction of 1% saved in power transmitted soon pays the cost difference between a poor belt and a good one. One breakdown may wipe...
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Mike Brandly, Auctioneer
- Aug 15, 2018
- 3 min
Auctioneers, Facebook, Censorship and [Fake] News …
Facebook‘s stock plunged 19% losing about $119 billion in market value constituting the biggest single-day loss for any public company in...
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Mike Brandly, Auctioneer
- Jun 11, 2018
- 2 min
Rarity and value in the auction business
But what about that picture of your grandfather standing on the beach in Hawaii in 1936? There’s only one of these pictures so it too is...
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Mike Brandly, Auctioneer
- May 14, 2018
- 3 min
Seller bidding beyond reserve?
https://mikebrandlyauctioneer.wordpress.com/2009/11/15/different-types-of-auctions/ The right for the seller to bid — outside of a forced...
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Mike Brandly, Auctioneer
- Dec 15, 2017
- 2 min
Is buying anything celebrity-related at auction a good investment?
As an example, we sold a replica “General Lee” 1969 Dodge Charger at auction about 15 years ago. Let’s just say that buyer calls me...
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