Mike Brandly, Auctioneer
Fixed versus percentage deposits
Several so-called license states have indicated that for an absolute auction, the deposit required (earnest money, good faith “deposit”)...
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Mike Brandly, Auctioneer
Feb 122 min read
Auctioneers can make bidders bid?
Our question today is … can auctioneers “make” bidders bid? Can I as an auctioneer gesture to a bidder and say, “I have you at $2,000?” ...
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Mike Brandly, Auctioneer
Feb 82 min read
Deposit to bid, or after bidding?
I want to bid at your auction. Do you require me to give you a deposit (money) to bid, or do you require me as the eventual high bidder...
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Mike Brandly, Auctioneer
Feb 62 min read
Reserve items — not even one bid?
Many auctioneers have without reserve auctions, and many auctioneers have with reserve auctions. Both essentially claim both are the best...
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Mike Brandly, Auctioneer
Feb 22 min read
Must an auctioneer sell anything?
It might surprise some auctioneers — auctioneers get to decide what clients they engage and what clients they don’t. So when an...
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Mike Brandly, Auctioneer
Jan 302 min read
All “genuine” but no warranty it is?
It could be jewelry, coins, statuary, firearms, pottery, or any number of things. For example, if it’s an 1895-CC Morgan Silver Dollar,...
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Mike Brandly, Auctioneer
Jan 283 min read
Start doing, or continue to do?
Say auctioneers were being sued in class-action lawsuits all over the United States (which is not happening.) What might our trade...
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Mike Brandly, Auctioneer
Jan 253 min read
Expressed or the climate?
One only has to be marginally aware of the political “climate” to note that many feel it’s not the words being specifically expressed,...
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Mike Brandly, Auctioneer
Jan 222 min read
Starting bids and busy restaurants
We have held for decades that lower (or -0-) starting bids result in higher final bids — such as absolute auctions or with reserve...
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Mike Brandly, Auctioneer
Jan 193 min read
Some auctioneers’ “bait and switch”
“The opening bid today is … “ or “The minimum bid is …” or “The published reserve is …” or “The nominal opening bid is …” and what does...
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Mike Brandly, Auctioneer
Jan 172 min read
Auctions and secrets …
Some auctioneers have “with reserve” auctions and as such allow the seller to confirm the high bid — accepting it or rejecting it. In an...
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Mike Brandly, Auctioneer
Jan 113 min read
Auction urgency or a possible deal?
Those in the auction business know more about the auction business than those outside of it. For example, while auctions have “urgency”...
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Mike Brandly, Auctioneer
Jan 52 min read
Firearms and more than one entity
Auctioneers around the country continue to violate federal law regarding selling firearms at auction. The key issue is “partnering” with...
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Mike Brandly, Auctioneer
Jan 33 min read
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
Jan 12 min read
Why is the default “with reserve?”
In 49 of our 50 states, an auction by default is “with reserve.” We attempt to answer why that is … and it’s unclear. The laws just...
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Mike Brandly, Auctioneer
Dec 29, 20232 min read
It’s (and it’s not) reliable information
An auctioneer says that his expressions are deemed reliable but not guaranteed. In other words, he “deems” them reliable (judges,...
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Mike Brandly, Auctioneer
Dec 26, 20232 min read
“Fair and reasonable” increments?
Live auction bid calling has gone on for thousands of years. The Internet and associated online auction (digital) bids have only been...
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Mike Brandly, Auctioneer
Dec 23, 20232 min read
Efficient, equitable, transparent, affordable …
Auctioneers’ business models are largely efficient, equitable, transparent, and affordable. Property can be sold quickly and...
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Mike Brandly, Auctioneer
Dec 21, 20232 min read
NAR’s “Two-Thirds Rule” nonsense
We noted that NAR’s “Two-Thirds Rule” is nonsense regarding knowing if a particular circumstance is appropriate for auction marketing. ...
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Mike Brandly, Auctioneer
Dec 18, 20233 min read
Auctions, selective reading, varying
We tend to look for affirmation instead of information — as I noted some time ago: https://mikebrandlyauctioneer.wordpress.com/2019/09/05...
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