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Mike Brandly, Auctioneer
Feb 12, 20242 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
Jan 28, 20232 min read
Can (and do) auctioneers change the “size” of the “ask?”
The short answer is, “yes.” Relatedly, this has been going on for as long as auctions have been used to sell property in the...
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Mike Brandly, Auctioneer
Jan 3, 20232 min read
Auctioneer reserves the right to reject any bid?
More specifically, “Auctioneer reserves the right to reject any bid from any bidder?” We would ask, does “bidder” mean “registered...
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Mike Brandly, Auctioneer
Sep 26, 20223 min read
Absolute auctions and “de minimus”
Absolute auctions, by definition, involve selling to the highest bidder. So, if an auctioneer has a current bid of $750,000.00 and a...
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Mike Brandly, Auctioneer
Jan 20, 20132 min read
Absolute with minimum increments
A recent auction attendee (we’ll call him James) is also an attorney. He called me once he arrived to an auction, asking me about what...
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Mike Brandly, Auctioneer
Jul 29, 20123 min read
English auction versus sealed bid and Dutch auctions
English auctions Sealed bid auctions Dutch auctions In analyzing these three types, we first start with our definition of each: An...
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Mike Brandly, Auctioneer
Aug 28, 20113 min read
Different increments for different bidders?
In other words, can an auctioneer have Julie on at $500 and ask (demand) Rachel bid $525 to outbid Julie, and when Rachel bids $525, then...
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Mike Brandly, Auctioneer
Dec 21, 20104 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...
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Mike Brandly, Auctioneer
Jan 8, 20104 min read
The speed of an auction
With the advent of online bidding, some are arguing that the computer-assisted bidders can slow down an auction. Some argue bidders who...
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