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 - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let�s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
... [Read Article]
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