It also depends on the experience of those bidding.
Things can also go in reverse in that same scenario - like when all the bidders decide to sit the first one out to get a feel for what they're going for.
Seen it quite often. You can walk away with the first item for next to nothing. The other bidders then feel safe thinking the first one set the going rate.
Once the next item starts going for more than the that first one, panic sets in quickly. Nothing uglier than bidders panicking.
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Today's Featured Article - Major Problems - by Anthony West. Following the aquisition of the two Fordsons to my collection I found that I was struggling to move them about. I had considered the possibility of driving the "F" to and from shows but anything other than local rallies was totaly impractical due to its sedate pace. I had also considered buying a landrover and trailer, but the price of a
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