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Market adequately = market value
We’ve held (and been told) that the “seller confirmation” fanatics support holding auctions of this type in case the property doesn’t...

Mike Brandly, Auctioneer
Mar 9, 20242 min read
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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...

Mike Brandly, Auctioneer
Jan 3, 20243 min read
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Bidders won’t bid past the estimate?
Auctioneers tell me bidders won’t bid past published reserves. Auctioneers tell me bidders won’t bid past pre-auction estimates. In...

Mike Brandly, Auctioneer
Jun 23, 20232 min read
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Auctioneers, value, price, and speech
Auctioneer says it’s worth $40,000 and it sells for $25,000. Another auctioneer says it’s worth $10,000 and it sells for $25,000. Our...

Mike Brandly, Auctioneer
May 30, 20232 min read
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Could “worth” be an expressed warranty?
We have been in the auction and appraisal business for decades. We’ve written about the appraisal industry many times and have...

Mike Brandly, Auctioneer
Sep 14, 20222 min read
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Appraisals, auctions, and seller bidding
Appraisers often [rightly] use auction values as evidence of value. Yet, we wonder today if an auction with reserve (or a forced sale)...

Mike Brandly, Auctioneer
Feb 23, 20222 min read
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The auction exceeded expectations?
These days we see it all the time: “Our auction exceeded all expectations,” or “The auction was twice what we were expecting.” It’s a...

Mike Brandly, Auctioneer
Apr 12, 20213 min read
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Providing as much information as possible?
Do auctions work better when sellers provide as much information as possible about what they are selling? Two American economists who...

Mike Brandly, Auctioneer
Oct 16, 20202 min read
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The winner’s curse
At an auction, who wins? The highest bidder, who outbids everyone else. Let’s ask another question … who loses? Maybe this same bidder...

Mike Brandly, Auctioneer
Oct 14, 20202 min read
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Ask an auctioneer if it’s trash or treasure
There may be no better person to talk to if you are trying to discern if this “thing” is trash or treasure. Auctioneers are exposed to...

Mike Brandly, Auctioneer
Sep 26, 20202 min read
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What? Your vendor raised prices?
Auctioneers can’t ever seem to believe it … a vendor raised prices. It could be software, a platform’s sell-through, training,...

Mike Brandly, Auctioneer
Sep 10, 20203 min read
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Can auctions misrepresent supply?
Say an auctioneer puts up for auction 100 western saddles dating from the 1950s to the 1970s. For an online auction, bidding takes place...

Mike Brandly, Auctioneer
May 14, 20203 min read
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Why buy at auction?
First, an auction might be the only place to find what you’re looking for as retail otherwise often doesn’t concentrate on used items. ...

Mike Brandly, Auctioneer
Jan 28, 20202 min read
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Give yourself a raise?
Our question today is … can you just give yourself a raise? In other words, you’ve been charging 10% on real property deals, so this...

Mike Brandly, Auctioneer
Jan 10, 20202 min read
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Attention auctioneers: it’s worth this and for sale for that?
I can get something estimated to be worth $131,500 for $497? I can get something estimated to be worth $20,000 for $297? It would seem...

Mike Brandly, Auctioneer
Aug 2, 20192 min read
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Hiring an auctioneer — is it price or value?
… A fraction of 1% saved in power transmitted soon pays the cost difference between a poor belt and a good one. One breakdown may wipe...

Mike Brandly, Auctioneer
May 7, 20193 min read
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Auctioneers, Facebook, Censorship and [Fake] News …
Facebook‘s stock plunged 19% losing about $119 billion in market value constituting the biggest single-day loss for any public company in...

Mike Brandly, Auctioneer
Aug 15, 20183 min read
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Rarity and value in the auction business
But what about that picture of your grandfather standing on the beach in Hawaii in 1936? There’s only one of these pictures so it too is...

Mike Brandly, Auctioneer
Jun 11, 20182 min read
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Seller bidding beyond reserve?
https://mikebrandlyauctioneer.wordpress.com/2009/11/15/different-types-of-auctions/ The right for the seller to bid — outside of a forced...

Mike Brandly, Auctioneer
May 14, 20183 min read
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Is buying anything celebrity-related at auction a good investment?
As an example, we sold a replica “General Lee” 1969 Dodge Charger at auction about 15 years ago. Let’s just say that buyer calls me...

Mike Brandly, Auctioneer
Dec 15, 20172 min read
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