Mike Brandly, Auctioneer
Market adequately = market value
We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...
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Mike Brandly, Auctioneer
Oct 17, 20222 min read
Worth? Estimate? Value? Guide?
Do all these words mean the same thing? I believe this item is worth $140,000? I estimate this at $140,000? The value of this item is...
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Mike Brandly, Auctioneer
Sep 14, 20222 min read
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
May 21, 20222 min read
This $87.8 million mansion went to auction?
A mansion (not the above mansion) went to auction and the high bid was $45.76 million. A news headline thereafter read that a “$87.8...
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Mike Brandly, Auctioneer
Feb 23, 20222 min read
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
Sep 26, 20202 min read
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
Feb 25, 20203 min read
It is not worth what it won’t sell for
Terry Mangum said something similar and he’s exactly right: It is not worth what it won’t sell for. In other words, a piano listed...
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Mike Brandly, Auctioneer
Aug 2, 20192 min read
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
Jun 23, 20163 min read
Selling the discount and/or the value?
Some background: We have offered for over 20 years that people go to auctions in search for the “prospect of a deal.” It is this simple;...
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Mike Brandly, Auctioneer
Mar 1, 20162 min read
How much will I get at auction?
It might be land, a tractor or a piece of jewelry. Sellers want to know before consigning such, or maybe are just curious. Auctioneers...
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Mike Brandly, Auctioneer
Jul 25, 20123 min read
Auctioneers and appraising
One such discussion was published in 2011: Auctioneers as appraisers. Today, we discuss more, “how not to appraise” property — how not...
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Mike Brandly, Auctioneer
Mar 15, 20123 min read
What’s it worth?
We concluded then that possibly all property only has extrinsic value (value by agreement) rather than intrinsic value, which is deemed...
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