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Coming in waaaaaay below the pre-auction estimate
“Famed artist Billy Woble’s painting estimated at $3,000,000 – $5,000,000 sells at auction for $7,500,000,” instead of “Famed artist...

Mike Brandly, Auctioneer
Jun 22, 20172 min read
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Auctioneer setting the bid in at the stated minimum?
We recently wrote twice about auctioneers setting the bid in: https://mikebrandlyauctioneer.wordpress.com/2016/12/22/should-the-auctionee...

Mike Brandly, Auctioneer
May 18, 20172 min read
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Can auction bidders pay too much or over value?
Quite frankly, we’re a bit surprised with these two questions — that they actually deserve detailed answers. Can bidders pay too much? ...

Mike Brandly, Auctioneer
Mar 29, 20172 min read
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Come get a bargain?
Let’s start with this premise: Auction marketing is distinctly different than other marketing. Retail operations need buyers and when...

Mike Brandly, Auctioneer
Nov 3, 20162 min read
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Cost, Price & Value
In discussing appraisal techniques in classes all across the United States, three (3) particular terms are sometimes the focus. Those...

Mike Brandly, Auctioneer
Oct 25, 20163 min read
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The word “auction” in culture
More and more, auctioneers are being told not to use the word, “auction” in their advertising. We explored this in depth here: ...

Mike Brandly, Auctioneer
Oct 3, 20164 min read
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Absolute but soliciting pre-bids?
Lots of auctioneers recently have been discussing (and sharing) an article exploring why “Wealthy people” choose to sell their...

Mike Brandly, Auctioneer
Sep 19, 20162 min read
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The issue with secret reserves
What is a secret reserve? It’s the number the seller believes he or she needs in order to sell the property — and that number is kept...

Mike Brandly, Auctioneer
Aug 22, 20162 min read
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![Auction after [no] sale](https://static.wixstatic.com/media/69aad9_d2242ccb826d4fe6a631c6386a508a06~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_avif,quality_auto/69aad9_d2242ccb826d4fe6a631c6386a508a06~mv2.webp)
Auction after [no] sale
If I understand it, “If it doesn’t sell at auction, then we’ll try to sell it at auction?” I think that’s how I read it … A certain...

Mike Brandly, Auctioneer
Aug 15, 20162 min read
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Selling the discount and/or the value?
Some background: We have offered for over 20 years that people go to auctions in search for the “prospect of a deal.” It is this simple;...

Mike Brandly, Auctioneer
Jun 23, 20163 min read
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Auctions with “market support”
What’s the value of a yearling beef calf selling in the Yoder Livestock auction on Tuesday? One might argue that the aforementioned...

Mike Brandly, Auctioneer
May 19, 20162 min read
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Auction Prices
In 2015, this study ranked Jeff Wyler Automotive Family Inc. as the 39th largest car dealership group in the United States. In 2014,...

Mike Brandly, Auctioneer
Mar 8, 20163 min read
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How much will I get at auction?
It might be land, a tractor or a piece of jewelry. Sellers want to know before consigning such, or maybe are just curious. Auctioneers...

Mike Brandly, Auctioneer
Mar 1, 20162 min read
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Does an auction price equal market value?
This longstanding question is “Does an auction price equal market value?” Relatedly, Bill’s question was if a court had ruled on this...

Mike Brandly, Auctioneer
Sep 7, 20152 min read
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What some collectors can’t find? Buyers.
Mary has been a collector for decades. She’s collected at auctions, yard sales, antique stores, while vacationing — essentially her...

Mike Brandly, Auctioneer
Aug 10, 20152 min read
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The auction crowd appraisal
Saturday arrives and a huge crowd has assembled, mostly around this ’57 Cadillac. Lyle has been wondering for over a week what the car...

Mike Brandly, Auctioneer
Apr 20, 20153 min read
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Value anchoring in the auction business
You can listen to an auctioneer value anchoring at virtually any live auction in the United States any day of the week at over 2,500 live...

Mike Brandly, Auctioneer
Apr 13, 20153 min read
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Auction performance fees
Late 2014, Christie’s added a 2% auction performance fee. This fee would be added to the seller’s commission if their “piece” sold in...

Mike Brandly, Auctioneer
Apr 6, 20152 min read
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I’m going to sell it at auction; what’s it worth?
Selling an oil painting for $500 is wonderful if the seller is expecting $200 and not good at all if the seller is expecting $2,000. As a...

Mike Brandly, Auctioneer
Feb 3, 20153 min read
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Calculations regarding real property at auction
Lots of questions about real property values. Here’s some common ways real property is analyzed from the standpoint of investors,...

Mike Brandly, Auctioneer
Nov 26, 20146 min read
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