Posted by JD Seller on February 01, 2015 at 09:22:24 from (208.126.198.123):
We have had some really good posts about bidding at auctions in the last few days.
I hate the SLOW BIDDER fellows that wait and wait at a sale to bid and then bid the lowest possible amount. Either bid or quit!!!!! LOL
Most auctioneers like me bidding at their sales. I will push the bidding along. An example: Lest says $10000 tractor is selling. At some sales no one wants start the bidding. I sure as heck will. IF that tractor really worth 10K your not going to get it for $2500 at most sales so lets get the bidding going. SO I will tell the auctioneer $7500 before he is even done "talking" about how great it is. I have had that be the only bid on some items. Some people think that that is foolish as I MIGHT have gotten it cheaper. Well If it is worth 10K and I am getting it at $7500 then it still deal. Lets GO!!!! LOL
I have seen the very same item start at $2000 and go to the $10000 mark at $50 bids. An auctioneer that does that is wasting my time. I do not want to still be at a sale in the dark.
IF it is something I am interested in then I will move the bid along at a faster pace. I know what I will bid to. I bid to that and walk away. I don't need to "think" about it for five minutes while the auctioneer chants. LOL
At a local sale of very good farm machinery here 3-4 years ago the seller/farmer got hurt on price badly by a slow auctioneer. It was an absolutely terrible day for a sale. Started out raining and then changed over to snow with a driving wind. The auctioneer moved the hay racks inside to sell them. He was still on them at well after 2 PM. Then he sold the implements first. Then the tractors and combine last. It was after 6PM when he started on them. I know many bidder left. One fellow was real mad as he had driven over 4 hours an had to leave for evening milking. He would have given well over the sale price for one of the tractors. So the late sale made all the LATE model good equipment sell well under market THAT evening. I knew the farmer well.
Also it seems some guys have to "grow a set" then they bid like crazy and pay more than market on some things.
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