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Mike Brandly, Auctioneer Blog

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Tag Archives: with reserve

Our reserve “rules” we make up

December 15, 2020

I think I’ve seen almost every rule an auctioneer has for having (and/or not disclosing) the reserve price — including …

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The absolute worst auction headline … unsold

October 20, 2020

A rare 18th-century coin — a 1794 Flowing Hair Silver Dollar — expected to sell at auction for over 10 …

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Auctioneers with stuff leftover …

September 2, 2020

The question regarded personal property left at an auction house that didn’t sell because the final bids did not meet …

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Absolute over $500,000?

August 26, 2020

Absolute auctions attract far more attention than with reserve auctions. Thus, auctioneers understandably use the word “absolute” and the like …

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‘Absolute’ or other expressions

August 18, 2020

Outside of Louisiana, all auctions are “with reserve” by default. That is, they are with reserve unless explicitly denoted as …

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Does court confirmation make it a reserve auction?

July 3, 2020

I saw a recent auction advertisement … selling “absolute to the highest bidder” and then later in the same advertisement …

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Should your online increment table be systematic?

May 10, 2020

Most auctioneers have for years sold in certain increments. Those auctioneers’ “standard increments” have somewhat uniform (consistent) increases over any …

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What this sign means …

May 5, 2020

We’ve been asked what this sign means 100’s of times … and it could mean several things: The car sells? …

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10 things to know when attending your first live auction

February 28, 2020

For everyone who’s ever been to any live auction, there’s that first time. I think my first time was probably …

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We’re selling this stuff at auction, unless we decide otherwise

February 13, 2020

We have written about reasonable auction terms because these terms can’t be all seller favorable, or there will be a …

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Curious auction terms & conditions

January 31, 2020

Many auctioneers (and sellers) sell property without reserve (absolute) in order to increase the number of bidders and associated prices. …

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Auctioneers behaving more “reasonably”

December 2, 2019

For centuries, auction terms and conditions have been — more or less — “my way or the highway.” In fact, …

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Bids that can/can’t be placed at auction

October 7, 2019

We have written about who cannot bid at an auction more than once. Today, we hope to write about that …

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When to disclose the reserve and when not to …

August 28, 2019

Some auctioneers routinely disclose the minimum bid (reserve) of property they are putting up for auction, and some auctioneers never …

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Is the minimum bid really the minimum bid?

August 16, 2019

What does this sign say? It says the minimum speed is 40 miles per hour. So, what if you are …

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When can the seller bid without recourse?

June 7, 2019

Auctioneers around the United States have held since the forming of this country that at auction, the seller can bid …

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“Professional” auctioneers shouldn’t be trusted? Really?

April 9, 2019

Are you a “professional” auctioneer? One who makes a living as an auctioneer? That would be a common definition, but …

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What is a flash [auction] sale?

March 26, 2019

I received the email, as I suspect you did. Real property being offered in a flash sale — auction. What …

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An auction that is both with AND without reserve?

March 20, 2019

There are times that I think maybe overnight I was secretly transported to another planet. I wake up and on …

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When is a seller’s bid a shill bid?

February 27, 2019

Some auctions allow the seller to place bids directly or through another agent (by proxy.) Specifically, in a with reserve …

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