• 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: market value

Are we really getting market value?

January 7, 2021

Previously, we suggested if you as an auctioneer keep selling to the same people all the time, you might not …

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You have a database of what?

January 5, 2021

An auctioneer told me he had a database of 30,000+ … what? He said, “buyers” but I’m not convinced. In …

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What is “sufficient marketing” for an auction?

December 16, 2020

Auctions should be advertised (or marketed) sufficiently. As well, auctions should not be advertised insufficiently. So, what’s sufficiently? What’s insufficiently? …

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High bids in excess of market value

October 15, 2020

A couple is retiring and moving from Vermont to Florida. They are selling their Vermont waterfront home at auction. They …

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Ask an auctioneer if it’s trash or treasure

September 26, 2020

There may be no better person to talk to if you are trying to discern if this “thing” is trash …

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1965 Chevrolet Impala sells at auction … again

January 14, 2020

There was a somewhat curious auction and follow-up auction of the same car — first in 2013 and then again …

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$400 Million at auction

November 18, 2019

Really, really, really big numbers at auction are rare indeed. $1 Million here, $12 Million there, $49 Million on another …

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Auctions: Changing ages and tastes? Indeed

August 9, 2019

It’s news all over the world and easily found on the Internet … changing buyer tastes in personal (and real) …

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Auctioneers deal with urgency …

October 12, 2018

I teach real estate pre-licensing, post-licensing, continuing education and exam preparation classes for Hondros College. In those classes, students often …

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Auctioneers are asked, “What do you charge?”

August 24, 2018

Auctioneers are indeed asked all the time … “What do you charge?” The answer to that question is nearly always: …

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Auctioneers, the IRS and appraisals

August 13, 2018

Many auctioneers including myself complete personal property appraisals for IRS charitable contributions. New rules were just adopted July 30, 2018 …

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At auction: Is it wanting or buying?

January 11, 2018

Marsha L. Richins of the University of Missouri wrote about our title in her paper, “When Wanting Is Better Than …

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Is buying anything celebrity-related at auction a good investment?

December 15, 2017

Is buying a car, plane, house or other property once owned by a celebrity a good investment? That is our …

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Auction deemed a stunt?

August 10, 2017

As we’ve often noted all over the United States, legally there are [only] two types of auctions: “With reserve” and …

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Bid calling really does matter

July 8, 2017

In 2013, we wrote that “Bid calling matters” suggesting that the particular live auctioneer who is taking bids can — …

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Coming in waaaaaay below the pre-auction estimate

June 22, 2017

We wrote in 2010 that (we thought) most auction houses in the United States post pre-auction estimates that are purposely …

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Should the auctioneer “set the [bid] in?”

April 13, 2017

Randy Wells says, “I ran a weekly auction house for 17 years and I can say that I probably started …

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Can auction bidders pay too much or over value?

March 29, 2017

We have two questions here: One, can bidders pay too much? Second, can they pay over value? Quite frankly, we’re …

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The word “auction” in culture

October 3, 2016

More and more, auctioneers are being told not to use the word, “auction” in their advertising. We explored this in …

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The issue with secret reserves

August 22, 2016

Some auctioneers use secret reserves without hesitation and with some success. Other auctioneers call this technique “playing games” and “unethical” …

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