Re: Re: Auction

Posted by Jim on February 05, 2004 at 15:32:03 from (216.19.19.64):

In Reply to: Re: Auction posted by greatflake on February 02, 2004 at 19:33:45:

1. Don't buy at a consignment auction unless you know for sure what you are getting. You probably would not buy a car you intend to drive for the next five years at the auto auction, where the dealers unload the junk they don't want on their used lot.

2. Do your homework and decide what your top dollar is BEFORE you get there. Most reputable auction companies will let you look the equipment over a few days before the sale.

3. Leave your wife at home. Auctioneers have been known to take bids from either husband or wife and sometimes even have them bidding against one another.

4. Be aware that some auctioneers have shills in the crowd to run up the bid. They know what they want to item to bring and even if they do get the winning bid, no big deal; it will sell again next week.

5. Go to a number of farm auctions with no checkbook and just watch how things go. You will know when its time to buy.

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