Mike Brandly, Auctioneer
Absolute auction, and can I cancel?
So, the question is: “Absolute auction, and can I cancel?” The short answer is “yes” despite what you are largely reading online and...
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Mike Brandly, Auctioneer
Oct 31, 20223 min read
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We see auctioneers somewhat routinely noting that bidders’ bids once placed (accepted) can’t be revoked nor withdrawn — in other words,...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
Oct 26, 20182 min read
Are competitive pre-auction bids pre-auction?
https://mikebrandlyauctioneer.wordpress.com/2018/09/03/simulcast-auctions-how-they-work-and-how-they-dont/ For example, if a simulcast...
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Mike Brandly, Auctioneer
Jul 9, 20183 min read
Can a lot be unsold at auction?
Items are put up for auction in the United States and around the world every second of every day. In the United States alone, millions...
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Mike Brandly, Auctioneer
Jun 6, 20182 min read
Absolute with bid then retraction
An attorney called and asked me if his client-auctioneer had to right to withdraw a property after receiving a bid on the property in an...
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Mike Brandly, Auctioneer
Nov 16, 20173 min read
At auction, can we force sellers to sell? Buyers to buy?
Our subject today involves when there is a breach of contract (as an auctioneer has announced, “Sold!” — for instance) and then the...
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Mike Brandly, Auctioneer
Sep 5, 20173 min read
The top five questions I tend to get
While we’ve received 100’s of questions, there are five we tend to get most often. Here we answer those top five with basic information...
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Mike Brandly, Auctioneer
Jun 26, 20172 min read
Christie’s manifestly unreasonable terms and conditions
Christie’s is one of the world’s oldest and best known auction houses. They opened in London, England in 1766 and in New York in 1977. ...
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Mike Brandly, Auctioneer
Feb 22, 20172 min read
Is it ever legal to retract your bid?
Here’s the article, titled “Absolute versus reserve auctions: Is it ever legal to retract a bid?” The subtitle of Wayne’s article...
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Mike Brandly, Auctioneer
Nov 23, 20162 min read
Some implications of the UCC 2-328
Otherwise, this same brief 254 words is referenced in courts around the United States every day; the implications of the UCC 2-328 are...
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Mike Brandly, Auctioneer
Sep 19, 20162 min read
Absolute but soliciting pre-bids?
Lots of auctioneers recently have been discussing (and sharing) an article exploring why “Wealthy people” choose to sell their...
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Mike Brandly, Auctioneer
Jun 13, 20163 min read
Can auctioneer take seller bid unknowingly?
Today, we look at paragraph four. In this paragraph, the law states basically that there is buyer recourse (remedy) if the seller bids...
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Mike Brandly, Auctioneer
Mar 15, 20162 min read
I drove … miles and the auction is canceled?
“That’s false advertising! That’s bait and switch! That’s misrepresentation!” Ellen had got up early, got dressed, stopped for coffee,...
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Mike Brandly, Auctioneer
Mar 4, 20163 min read
Auction post cancellation?
Frank bequeathed (and technically devised) the lumberyard to her upon his death per his will. However, Connie desired to sell the...
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Mike Brandly, Auctioneer
Jun 3, 20154 min read
Changing the “type” of auction
The seller has informed his auctioneer that he is willing to sell his prized framed painting for $150,000, at his upcoming auction, and...
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Mike Brandly, Auctioneer
Sep 16, 20142 min read
Stopping an absolute auction
The question was, “Can an auctioneer stop an absolute auction once underway …?” Let’s take a look at this sign. “Everything will be sold...
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Mike Brandly, Auctioneer
Aug 16, 20133 min read
How long of a delay is considered a withdrawal?
And with only four paragraphs, there are many subtleties which are less obvious. For example, our topic today. Our scenario is a...
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Mike Brandly, Auctioneer
Apr 27, 20133 min read
Auctioneer can’t sell items prior to auction?
Sometimes, people stop by Manny’s auction the day before — or the afternoon of — and see an item or two they want to buy “right now.”...
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Mike Brandly, Auctioneer
Apr 2, 20132 min read
The withdrawal at absolute auction
Yet, it’s maybe the most misunderstood (or at least the most misinterpreted) four paragraphs of law involving auctioneers. Today we focus...
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Mike Brandly, Auctioneer
Sep 23, 20123 min read
Solely for the purpose of increasing the bid?
In fact, she has over 200 in her collection and they are all on display in her home, barn and garage. Natalie began her interest in...
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