Mike Brandly, Auctioneer
Item at auction is, but maybe not?
So, that 1889-CC Morgan Silver Dollar is MS-60, but maybe not? This could just as well be a parcel of land, a piece of commercial...
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Mike Brandly, Auctioneer
Dec 9, 20103 min read
Two auctioneers book the same auction?
One such instance was in 1983, when an auctioneer in Indiana opened the Sunday newspaper to see that he and another auctioneer in that...
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Mike Brandly, Auctioneer
Nov 30, 20102 min read
Auction or sale?
It is an auction or is it a sale? While they’re all technically auctions, many in the auction business use the word, sale instead of...
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Mike Brandly, Auctioneer
Nov 25, 20103 min read
What is shill bidding?
So what is shill bidding? Let’s look first at the word, “shill.” Shill means basically to falsely advocate a position in attempts to...
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Mike Brandly, Auctioneer
Nov 22, 20102 min read
Auctions & the sense of touch
Too, the auctioneer would typically wade through the crowd prior to the auction, shaking hands, putting a hand on a shoulder to have a...
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Mike Brandly, Auctioneer
Nov 19, 20102 min read
When the auctioneer says, “Sold!”
What does it mean when the auctioneer says, “Sold!?” In the United States, contract law is fairly clear that upon the declaration of...
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Mike Brandly, Auctioneer
Nov 14, 20102 min read
Auction Kings: A Venetian Mirror
However, a particularly curious statement was made during a recent episode of Auction Kings filmed at Gallery 63 in Atlanta, Georgia. As...
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Mike Brandly, Auctioneer
Nov 13, 20102 min read
Madoff Auction: Sold against?
Yet, some language in the articles caught my eye as odd. For instance, one article noted, “A leather bull foot stool — including a tail...
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Mike Brandly, Auctioneer
Sep 26, 20103 min read
What is the difference between an auctioneer and a bid caller?
For our discussion, we are referring to bid calling as the usually rapid oral exchange with bidders, accepting bids, and asking for...
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Mike Brandly, Auctioneer
Sep 26, 20103 min read
Calling bids does not make one an auctioneer?
Let’s say Trisha graduates from high school, and decides to start her own company. She is proficient with computers and programming, and...
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Mike Brandly, Auctioneer
Sep 21, 20103 min read
Low starting prices = higher sale prices at auction
Thus the conclusion of the study titled “Starting Low but Ending High: A Reversal of the Anchoring Effect in Auctions“ by Gillian Ku,...
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Mike Brandly, Auctioneer
Sep 18, 20103 min read
Auction buyer abandonment
The Buyer has no right of abandonment whatsoever. The Buyer agrees to remove all purchased property from the Auction Site within the...
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Mike Brandly, Auctioneer
Sep 9, 20103 min read
Real property has no value at all?
Among the 1,000’s of real property auctions occurring every day in the United States, there are some properties that are garnering no...
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Mike Brandly, Auctioneer
Sep 6, 20103 min read
Do online-only auctions realize more money for the seller?
First, it is probably important to note that the recent Michigan State University Auction Industry 2010 study showed that only 6% of all...
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Mike Brandly, Auctioneer
Sep 3, 20103 min read
What to ask that real estate auctioneer
For those hoping to buy real property at auction, there are some basic questions that should be asked before participating. A real...
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Mike Brandly, Auctioneer
Sep 2, 20102 min read
Are pre-auction estimates purposely low?
Large, well-known auction houses (and some smaller, lesser-known auction houses) publish catalogs listing items in upcoming auctions, and...
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Mike Brandly, Auctioneer
Aug 28, 20102 min read
Can you have an auction on Sunday?
Why is this even a question? Can you have an auction on Monday? No auctioneer ever considers that question. But Sunday seems to get...
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Mike Brandly, Auctioneer
Aug 27, 20102 min read
Real estate has no value at all?
The term “real estate” is prevalent in our language, but is sometimes misused. Yes, those are probably real estate agents, and yes,...
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Mike Brandly, Auctioneer
Aug 26, 20103 min read
The Certified Auctioneer Institute
The Indiana Auctioneers Association started this program, and it quickly grew to the point that their state association was overly...
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Mike Brandly, Auctioneer
Aug 24, 20103 min read
Can the seller bid at auction?
One right that is sometimes given up, but other times not, is the right to bid on that property at the auction. Why do sellers want to...
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