• About me
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  • Auction case law
  • Auction Publications
    • Auctioneers Use Marketing Skills & Urgency
    • Drew L. Kershen Horse-Tradin’
    • History of Auctions
    • Internet Auctions A Guide for Buyers and Sellers
    • Official Statement of the National Auctioneers Association Concerning Proper Ethical Conduct for Absolute Auctions of Real Estate
    • Official Statement of the National Auctioneers Association Concerning the Licensing of Businesses that Sell Property via Internet Auctions
    • “Give Me Five, Now Ten … Years Into the Future”
  • Auction Treatise
    • § 1-302. Variation by Agreement.
    • § 2-106. Definitions: “Contract”; “Agreement”; “Contract for sale”; “Sale”; “Present sale”; “Conforming” to Contract; “Termination”; “Cancellation”.
    • § 2-316. Exclusion or Modification of Warranties.
    • § 2-706. Seller’s Resale Including Contract for Resale.
    • § 2-301. General Obligations of Parties
    • § 2-313. Express Warranties by Affirmation, Promise, Description, Sample
    • § 2-328. Sale by Auction
  • Auction videos

Mike Brandly, Auctioneer Blog

~ A trusted auctioneer and auction expert witness — with unmatched knowledge of both auction law and customary practice.

Tag Archives: Beta

Auctions and the chances of Alpha and Beta, etc.

April 22, 2019

In 2010 we introduced our formulas for the chances of one item at auction attracting the “most interested bidder” (Alpha) …

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Auctioneers, Alpha and Beta and more …

April 1, 2019

In 2010, we modeled a formula for finding the odds of the most interested bidder (Alpha) and the second most …

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Auctioneer looking for Alpha and Beta

January 12, 2010

Just how many bidders does an auctioneer need? How much in resource should be spent to get that one additional bidder? Is there a point of diminishing return?

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Recent Posts

  • Auctioneers and protesting
  • An obligation to disclose?
  • Could posting false information have consequences?
  • How qualified should that bidder be?
  • Auctioneers: When is a lack of evidence … evidence?
  • Auctioneers speaking about health
  • You’re not advertising my auction on Facebook?

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Top Posts

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