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Better Mind Your Bidders
The article further noted four major points about online-only auctions, noted below:• A “soft” close provides last-second bidders with no...

Mike Brandly, Auctioneer
Jan 19, 20114 min read


Is maximizing the absentee bid proper?
Here’s a typical example of what we’re addressing here: Terrell’s Auction House has an auction coming up Monday night and has a 1955...

Mike Brandly, Auctioneer
Jan 8, 20114 min read


Does order of sale matter?
One comment Walter would make to me almost every week at our auctions was, “You’re selling all your good stuff first … you’re going to...

Mike Brandly, Auctioneer
Jan 1, 20113 min read


Old English Auction Case Law
While the United States has developed many such auction and auctioneer laws, English (United Kingdom) courts in the 1700’s and 1800’s...

Mike Brandly, Auctioneer
Dec 28, 20104 min read


Auctions & Holidays
For instance, can a successful public auction be held July 4, Father’s Day, Thanksgiving Day, New Year’s Day, Mother’s Day, Easter, or on...

Mike Brandly, Auctioneer
Dec 23, 20102 min read


What is a Penny Auction?
Saturday arrives, and Sarah goes out to her car in order to drive to her weekend destination. She pulls up to a parking place just...

Mike Brandly, Auctioneer
Dec 21, 20104 min read


Should the reserve be disclosed?
Marvin wishes to consign his 2009 Jaguar XF Coupe to the local auto auction. Marvin paid about $59,000 for this car about a year ago,...

Mike Brandly, Auctioneer
Dec 20, 20104 min read


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...

Mike Brandly, Auctioneer
Dec 19, 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...

Mike Brandly, Auctioneer
Dec 9, 20103 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...

Mike Brandly, Auctioneer
Nov 14, 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...

Mike Brandly, Auctioneer
Nov 13, 20102 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...

Mike Brandly, Auctioneer
Sep 26, 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,...

Mike Brandly, Auctioneer
Sep 21, 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...

Mike Brandly, Auctioneer
Sep 18, 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...

Mike Brandly, Auctioneer
Sep 9, 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...

Mike Brandly, Auctioneer
Sep 6, 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...

Mike Brandly, Auctioneer
Sep 3, 20103 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...

Mike Brandly, Auctioneer
Sep 2, 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...

Mike Brandly, Auctioneer
Aug 28, 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,...

Mike Brandly, Auctioneer
Aug 27, 20102 min read
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