(quoted from post at 10:43:31 02/10/19) I have heard that a man will pay twice what something is worth, if he really needs it. But go to an auction and it seems that everyone is afraid that someone will laugh at them for paying what they think is too much. Well let them laugh. He didn't buy it, so why does his opinion count for so much? It is what it is worth to you, not them.
I have regretted not buying more items, than having bought what I did buy.
SDE
If I am in the market for larger or hard to handle items; bale feeders, portable wind breaks etc then to me it is all about distance.
If I need to make 5 60 mile round trips to haul them home 1 at a time I can not pencil out paying much for them.
The same items at a sale a mile away I will step up my max bid quite a bit.
Bought 3 bins at a sale once and one was still half full, the wheat came with it.
Hoping to save a trip to go get an auger to unload the bin I started bidding on a small auger very similar to one I had purchased at a farm sale for $35 earlier that spring.
No idea if someone figured there was gold in that auger but the guy that bought paid just shy of $400 for it.
Sometimes too many factors for one to ever understand why some bid what they do at a sale.
Another sale I attended they were selling misc wire, a part roll of elk fencing and a few full rolls of chicken wire.
I bid it up to near what the chicken wire was worth new before I quit and let the other bidder have the lot.
I came back with a trailer after the sale to pick up my purchases, one thing I bought was a trailer to pull behind a quad or garden tractor that had been sitting next to the pile of wire.
I never did see who I was bidding against or I would have asked him what wanted out of the pile but I am guessing he saw me.
When I drove up to the trailer I had bought all of the elk fencing next to it was gone as was the buyer who I figure did not want the chicken wire as he had piled it on the trailer I bought.
Checked with the auctioneer and he said the other buyer had long since left and if I did not take the wire it would end up in the dump.
Win Win