Local consignment auction encourages sellers to be there and protect their stuff. Its only half commission if owner bids it in, and this year, they started something new- consigner gets a bidder number that is the same number that is put on the item. The IH tractor I consigned is #155, and so is my bidder card. So you can tell if the seller bid it in, if you pay attention. I don't intend to bid my tractor in, but appreciate the opportunity.
They will not take reserves, or minimum bids, or bids over the internet or out of the air. Only way to protect is owner bidding. And he has an incentive to do it that way, instead of having a friend bid, because its only half commission.
Pretty honest outfit, and as he says, "Its a small town- if I get the reputation of being a crook, I'm done."
We ran into the "order buyer" thing a few years ago- there were 3 or 4 of them, and they kind of stood in a group at the corner of the ring. First one would get a group, then another, and they seldom bid against each other. Auction house did split them up, because the bigger sellers complained. The buyers said if we have to split up, we're not coming- Auction house said if you don't split up, I won't have anything to sell, and it won't much matter if you're here or not, will it? Don't know if that really solved the problem, but it didn't look so obvious, anyhow.
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