Mike Brandly, Auctioneer
Bidder bids a negative amount …
I was asked the other day if a bidder bid a negative amount (such as -$50) at an absolute [without reserve] auction, “Is the auctioneer...
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Mike Brandly, Auctioneer
Feb 11, 20122 min read
Fred S. Fissell — The Auctioneer
In the same newspaper, we see an advertisement from W. C. F. Michel, Auctioneer for an auction to be held on Thursday, March 16, 1911...
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Mike Brandly, Auctioneer
Feb 9, 20122 min read
Conflicting Information …
That article can be read in full here: Online auction company wants you to stay home. Today, we’re writing about a recent outage of...
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Mike Brandly, Auctioneer
Feb 4, 20122 min read
Auctioneers are secondhand dealers?
This would require detailed record-keeping, daily government inventory reporting and “product holds” with police and/or sheriff...
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Mike Brandly, Auctioneer
Feb 3, 20123 min read
Online auctioneer policy changes
In essence, they are now being more upfront with bidders when the bidder’s maximum absentee bid [maximum pre-bid] is disclosed to the...
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Mike Brandly, Auctioneer
Feb 2, 20122 min read
How ethical are auctioneers?
Most recently in Indiana, with a group of nearly 100 auctioneers I was asked (during the class) how ethical I thought auctioneers were....
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Mike Brandly, Auctioneer
Jan 30, 20122 min read
NAA International Auctioneer Championship Scoring
The National Auctioneers Association’s (NAA) International Auctioneer Championship (IAC) is a premier event, held each year at the NAA...
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Mike Brandly, Auctioneer
Jan 29, 20123 min read
Absentee bids & the UCC 2-328
Dick’s thought regarded maximizing absentee bids and that practice in relation to the UCC 2-328. As we discussed in our story about...
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Mike Brandly, Auctioneer
Jan 27, 20122 min read
UCC 2-328 Confusion
Nebraska Unicameral Information Office Despite there being only four (4) somewhat small passages making up the UCC 2-328, there is often...
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Mike Brandly, Auctioneer
Jan 17, 20122 min read
When does the hammer start to fall?
“Where a bid is made while the hammer is falling in acceptance of a prior bid …” meant that somewhere between the “S” and the “D” of the...
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Mike Brandly, Auctioneer
Jan 13, 20122 min read
Seller commission, sales tax & buyer’s premium?
In the latter, auctioneers must correctly calculate seller commissions, sales tax and buyer premiums — both when reconciling with bidders...
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Mike Brandly, Auctioneer
Jan 9, 20123 min read
Is buying at auction considered gambling?
Sometimes he buys things and makes money, and other times he buys things and loses money. Cory assumes a risk when he buys something — as...
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Mike Brandly, Auctioneer
Jan 7, 20123 min read
Selling yourself, then their property …
He is to meet with Mary and Richard Gaines about selling Mary’s late mother’s real and personal property at auction. Upon arriving, Jim...
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Mike Brandly, Auctioneer
Jan 6, 20122 min read
When & Where: The UCC 2-328 applied to real estate
However we’ll use “real estate” here as this is typically how this question is posed. The UCC 2-328 was finally firmed as to language...
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Mike Brandly, Auctioneer
Jan 5, 20123 min read
Number of bidders per item? Number of bids?
Clearly the use of a computer allows for these counts to be calculated and reported. The more of each is deemed better for the seller;...
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Mike Brandly, Auctioneer
Jan 1, 20122 min read
Online ownership prior to auction?
For example, say the auction date is November 15. November 1 the auction house places a list of the items to be offered at auction on...
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Mike Brandly, Auctioneer
Dec 25, 20112 min read
Should auctioneers announce the buyer’s (or bidder’s) name? Part II
Our original story is here: Should auctioneers announce the buyer’s (or bidder’s) name? Nancy purchased a rare pair of Japanese Carl...
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Mike Brandly, Auctioneer
Dec 24, 20113 min read
The law allows one bid to be placed?
In December, 2009, Harold French, a licensed auctioneer attended an auction conducted by Stephen Bennett, another licensed auctioneer....
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Mike Brandly, Auctioneer
Dec 20, 20114 min read
Personal property at auction
Auctioneers sell personal property at auction every day in the United States and other places around the globe. For one auctioneer, that...
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Mike Brandly, Auctioneer
Dec 11, 20113 min read
Retraction made while the hammer is falling?
One such “playing field” issue is that outside of seller withdrawal, the buyer may retract his bid anytime before the property is deemed...
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